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Technology Stocks : Equinox Systems (EQNX)

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To: HeyRainier who wrote (392)4/18/1998 11:25:00 PM
From: Scott H. Davis  Read Replies (1) of 765
 
Rainier, agreed, saw the probable trendline resistance around 25. Not much advance Friday, baring either additional news or new/upwardly revised analyst coverage, I doubt EQNX will break thru the trendline. EQNX is already in an overbought state.
Remembing the recent, rapid runnup started around 18 7/8, breaking thru 25 with a qtr that was > estimates but < qtr4 97 does not seem likely. My hope is that EQNX will stabilize in the 22.5 - 23 area, which will provide a good foundation for further appreciation going into next qtr. Scott
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