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Technology Stocks : Read-Rite

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To: grogger who wrote (2904)	3/18/1998 9:00:00 PM
From: John K. Culley	Read Replies (1) of 5058

Rob: I like to the optimistic perspective as well...Perhaps some good news is forthcoming for RDRT. I'm not much of a chartist, however, RDRT's daily chart appears ready for a breakout, one way or the other. The support and resistance bands are tightening, which indicates a strong move up or down. Trend has been down since mid-Feb when RDRT was trading between 15 & 16, but a reversal could be brewing. Indicators are improving, with the Stochastics and RSI looking positive, but Momentum is neutral. Have a look.... iqc.com. Hoping for a move in the right direction for a change of pace. Regards, Jack

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