METRICOM - Wireless Data Communications Message Board

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Technology Stocks : METRICOM - Wireless Data Communications

MCOM 0.0110

0.0%

Dec 22 1:19 PM EST

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To: vibaby who wrote (741)	5/16/1998 1:58:00 PM
From: Chip Anderson	Read Replies (1) of 3376

OK, finally got around firing up the way-back machine on MCOM. The resulting chart is now up on coolhistory.com Some comments: The stock has clearly been in a trading range between 9 and 12 since mid-December. There is a minor support/resistance level at 10 and the stock has managed to hit 13 a couple of times also. Right now it is retesting the major resistance level at 12. An MACD buy signal was generated at the beginning of last week and the stock has done well since then. The 50-day MA of On Balance Volume is _very_ flat which is a neutral long term sign (not good, not bad). No real volume to speak of since Paul Allen bought in last October. Chip coolhistory.com

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