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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Sam Ferguson who wrote (14403)	5/25/1998 9:13:00 PM
From: DanZ	Read Replies (1) of 53068

IDC. Sam, The daily chart is nearing support at the lower daily bollinger band and the stock is close to being oversold. $6 looks like good support. The problem is that the weekly chart is overbought and has negative momentum. Given these two opposing forces, it is likely that the stock will trade sideways for a while. My best guess at the probable trading range is 6 to 7 1/2. If it does break out to the upside, I think it will run into more resistance between 9 and 10. I'm not familiar with the company's fundamentals or technology so I'd rather not comment on that. Dan

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