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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%Dec 10 3:59 PM EST

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To: Glenn D. Rudolph who wrote (32696)1/30/1998 10:47:00 PM
From: Jurgen  Read Replies (1) of 61433
 
Chart Check up

1. Tushar Chande

ASCEND COMM (ASND)

For 1/30/98 the closing price was 29.5625.
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 29.04.

The projected upper bound is: 33.17.
The projected lower bound is: 26.12.
The projected closing price is: 29.65.

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2. Rex Takasugi - TD Profile
Analysis of ASCEND COMM (ASND) as of 1/30/98

ASCEND COMM closed up 0.563 at 29.563.
Volume was 38% below average (neutral) and Bollinger Bands
were 32% narrower than normal.

Open High Low Close Volume___
29.125 29.875 28.750 29.563 42,192

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 29.22 26.72 38.05
Volatility: 64 84 83
Volume: 59,062 59,987 82,162

Summary

ASCEND COMM is currently 22.3% below its 200-period
moving average and is in an upward trend. Volatility is
relatively normal as compared to the average volatility
over the last 10 periods. Our volume indicators reflect
volume flowing into and out of ASND at a relatively equal
pace (neutral). Our trend forecasting oscillators are
currently bullish on ASND and have had this outlook for the
last 16 periods.
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