Mylex Message Board - Msg: 4898903

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Technology Stocks : Mylex

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To: Dougerdad who wrote (1608)	6/17/1998 11:25:00 AM
From: E_K_S	Read Replies (2) of 1820

New buying volume now comming into ths stock with over 246,000 shares after 120 minutes. Stock now trading above $6.00. First short term target is $8 5/8 which represents the 200 day MA. The 2% high end Bolinger Band is now at $8.00 and rising. Volume higher than 100,400 shares (average trading volume) on higher highs represents positive OBV. A rising OBV from this point forward confirms that the recent lows represented a bottom in this trading cycle. OBV still negative but should eventually turn positive as the stock moves higher. Once OBV reaches a positive 2 million shares then this stock will be over bought and our short term high will be achieved. OBV is now at -1.4 million shares and rising. EKS EKS

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