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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (14266)4/3/1998 3:10:00 PM
From: Instock  Read Replies (1) of 79384
 
Doug:< TRKN > Think one of your PGDCEB's is moving UP today on HUGE volume. TRKN is down from it's high of the day, but has had strong buying even after it dropped.
Three News stories and a mention on Briefing.com

Lam Research Corporation Licenses MORI Etch Technology From Trikon
Technologies
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com

Briefing.com report from a hour ago:
1 3/16 +5/32: Chip equipment maker licences its M0RI source technology to Lam
Research Corp. (LRCX). Says LRCX will pay it up to $20 million for the license.
TRKN also says it sees a a profit for the qtr vs a yr-ago loss of $0.81 a share. Volume
195K.

Market Capitalization $15.1M
Shares Outstanding 15.1M
Float 7.70M
You probably allready know all the above though.

Have you TA'ed the stock recently? Have an Idea where this pup might go short term? Resistance and support? Short term and long term potiential targets? You know, the usual stuff!

Thanks

Scott
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