TLAB info? Message Board

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Technology Stocks : TLAB info?

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To: CHIP HUNTER who wrote (1698)	11/23/1997 9:54:00 AM
From: Carmine Cammarosano	Read Replies (1) of 7342

It now has a C rating under accum/distribution? I have gone back for almost two months and the rating has not changed...it has had a C rating for a long time...if you look back, TLAB stayed between $35 and $45 for 6 months(Oct to May) before it broke out to new highs...TLAB has good short term support at the $50 level and it is not unusual for a stock to base out for many months(TLAB is basing between $50 and $55 range)before going to new highs...short term resistance is in the $55 to $56 level...it may take several more months to brake this level, be patient...again this type of basing pattern can go on for several more months...closing below $50 and staying there is negative and closing above $56 and staying there is positive...

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