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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (6430)3/24/1998 9:04:00 AM
From: Wayners  Read Replies (3) of 120523
 
<<MXIM: 26.6% increase in EPS this year versus -46.0% last year.. increased institional buyers. This one is a must for watching. Very strong support in the MXIM thread on SI.>>

There hasn't been a post on the MXIM thread since Jan 27. Past earnings announcmeents have nothing to do with the future of the stock price. Only future projections matter. Technically MXIM has started a downtrend. Beginning of March high is higher than the mid March high. Major selling on Friday. Support at $35 for now and then around $30.
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