Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Sandy who wrote (30227)	1/13/1998 7:13:00 PM
From: Maverick	Read Replies (2) of 61433

The dogs were barking on Tuesday, with Ascend, Bay and 3Com posting sharp gains ... The former shot up on news that Salomon Smith Barney upped its rating to buy from neutral... ASND now back above 50-day moving average... Key resistance at 32 1/4... If stock can climb above this ceiling amid strong volume a move back to the upper-30s would be in order... Traders must have concluded that if its okay to buy Ascend, then the outlook for the others can't be too bad either... Whatever the rationale, group posted its best session in weeks... Oddly enough, industry leader Cisco lagged behind gaining only 5/16. From Briefing.com

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