Orbital science (ORB) Message Board

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Technology Stocks : Orbital science (ORB)

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To: SirAlexx who wrote (791)	1/22/1998 2:15:00 PM
From: Michael Young	Read Replies (1) of 2394

<< On a technical basis only, the current configuration of ORBI's daily chart is quite tenous. The shrinking range and light volume are warning of an impending move in either direction; >> I don't think there is any big mystery about ORBI's techical position. The stock has had a very nice run on big volume. Now it is pulling back on light volume before it likely makes another run to new highs. A classic pattern. I suspect the pullback will be limited to 31 or so unless there is some bad news in which case upper 20s is realistic. MIKE

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