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Technology Stocks : ZORAN jpeg/dvd moguls
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To: Pullin-GS who wrote (1287)7/6/1998 11:29:00 PM
From: Pullin-GS  Read Replies (1) of 1486
 
A warning is a real killer for ZRAN durring this critical time. Earnings (and other fundamentals) were the only thing holding ZRAN up at the moment. Technicals broke down some time ago.
Previously posted TA still stands for the most part. I expect resistance @11 1/8 to hold for a brief period, then ZRAN should fall into a downtrend to 10 or so where it could churn for some time. Barring any unforeseen future bullish developments, new lows could come shortly.
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