Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: HairBall who wrote (1609)	7/16/1998 12:55:00 PM
From: James Strauss	Read Replies (1) of 8307

LG: By looking at a weekly chart and drawing a line that connects the 1995, 1996, and 1998 price peaks we wind up in the 12.50 to 13 area... Usually, after a rapid run up in price a stock will test long term trendline support... The 12.50 to 13.00 area is where is the ultimate support test will occur... iqc.com Notice also, that the top Bollinger Band prior to the run up is slightly below 12.00... That is the area of price equalibrium... So 12.50 to 13.00 seems to be a reasonable support area... Jim

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