The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Eleder2020 who wrote (13943)	1/28/1998 4:05:00 PM
From: Alan Aronoff	Read Replies (3) of 29386

While the volume has been low, ANCR continues to hang tough in its battle with its 50 daily moving average (currently $5 1/4). I'd like to see a test of $6 which I consider the next resistance level...$5 7/8-15/16 were rally tops in Decemeber and early January and $5 7/8 is currently the upper channel line of a 30 day bollinger band. ANCR has found good support at its 30 DMA since breaking above it on January 2. I believe the likelyhood of a strong move, either to the up or down side, will be great if the gap between the 50 DMA and the $6 resistance level narrows. This will occur shortly if ANCR can continue to trade above its 50 DMA. On a different tip. Intriguing SGI and oil patch references on CPCI thread. SGI has been quiet lately regarding their FC plans. Is it ready to toot its horn? Message 3283011 Market seems to already be discounting the coming news...

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