Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (9349)	5/12/1998 4:56:00 PM
From: Jenna	Read Replies (1) of 120523

Pacific Sunwear's First Quarter Earnings Rise 157 Percent; Also Announces Accelerated 1998 Expansion (beat by 3) (check BKE of the same exact sector should take off as well) PSUN was on a strong upward trend before their report. All indicators were bullish with support at 40 and resistance at 44.50 I would watch it in the morning before market hours and see the trading range. I would buy it when it trades about 43 3/4. It has met resistance before about about 44 1/2 but this report will PROBABLY push the stock through resistance to break through 46, the 52 week high.

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