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: George Dawson who wrote (14207)	2/10/1998 12:22:00 AM
From: Alan Aronoff	Read Replies (2) of 29386

ANCR closed above the 200 DMA today (it's still Monday on the Left Coast). The last time ANCR managed this feat was October 13. Congrats! I am still a bit wary though. Volume was rather anemic and it closed off its high. If ANCR behaves itself, the 200 DMA support ($7 1/2...Cal's Corner) will kick in and ANCR will not close below this level. The more days this occurs, the stronger the support will become. I'm currently cautiously optimistic, hoping to see a 400K+ volume type day on the upside to confirm. P.S. I got stopped out of my paper short today for a 1/2 point loss. Drats... <g>

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