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Technology Stocks : Newbridge Networks
NN 14.32+1.1%Jan 9 9:30 AM EST
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To: Giraffe who wrote (4135)4/18/1998 4:32:00 PM
From: Brett Nelson  Read Replies (1) of 18016
 
Giraffe - I agree with your analysis - looking at the weekly chart, $36 has provided significant resistance. On a shorter term basis, however, I would consider breaking $30 to be the biggest challenge. If we can get past this level, which I am hoping we can this week, then perhaps $36 is a good short term upside target. After that, I would consider the 200 day moving average at $40 to be the next resistance point.

Like Pat, I am holding my NN.
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