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Technology Stocks : Zitel-ZITL What's Happening
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To: Sal Sell who wrote (1365)12/2/1996 6:15:00 PM
From: Chi-X   of 18263
 
The resistance created before the split is $25 1/4. Any price over that would signal a breakout. $25 doesn't sound very lofty and a signaled technical breakout is only $1 1/4 away from today's close. And remember, breakouts happen very fast 'cause a lot of traders have program stops at $25 1/2. Once those stops are reached, ZITL could be making a break for $27 before you get on the phone to your broker.

But this is just my opinion on the technicals. The market psychology behind a split is just that it looks so darned cheap compared to where it was previously. So you got two important factors going for ZITL. Technical factors and the post split market psychology.

Just my Prerogative,
Chi-X
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