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Technology Stocks : Jabil Circuit (JBL)
JBL 221.80-1.2%3:59 PM EST

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To: Winstonwolf who wrote (2523)1/21/1998 10:57:00 PM
From: Winstonwolf  Read Replies (2) of 6317
 
Additional chart work tonight after today's encouraging price movement and close. Optimistically it looks like a reversal occured on 12/15 with the low of 1/12 confirming a 30 degree positive correction in the support line. The support/resistance lines run out to the end of the month at approximately 32 1/2 to 45 respectively, with resistance right under 50 at Feb options expiration. Also, if we continue upward, we stand a very good chance of seeing the 50-day moving average rise above the 200-day line in the coming weeks which would be very favorable. Now I'm getting carried away.
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