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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (17969)2/24/1998 12:05:00 PM
From: MulhollandDrive  Read Replies (1) of 97611
 
Stephen, the CPQ chart looks great to me. It is trading well above the 20, 50 and 100 DMA's. You got a strong technical buy signal when those 3 converged at 30 and the stock price shot up from there. Remember there is huge resistance between 35 and 40, so the current stock price movement is quite normal. The next technical buy signal will be when it breaks 40, after that, look out.
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