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Technology Stocks : Ascend Communications (ASND)
ASND 213.61+1.5%3:10 PM EST
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To: Glenn D. Rudolph who wrote (29930)1/10/1998 2:08:00 PM
From: vegetarian  Read Replies (1) of 61433
 
Next week ASND has option expiration pressure to close around 30, which may have been partly responsible for the price jump last week.
If ASND goes to 30 in the next week that would be good news and it may consolidate around 35.
If ASND does not go to 30, that is a bad news because its chart is bearish at the moment and it could break down the 24 support on the downside after expiration.
Also more than the earnings, the outlook for the next few Qs is important at this time.
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