3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00170

-19.0%

Dec 26 9:30 AM EST

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To: joe who wrote (21560)	9/16/1998 7:30:00 PM
From: matt fahy	Read Replies (1) of 45548

joe, $31 is 100 DMA and appears to be causing consolidation/resistance which is reasonable given COM$ recent runnup from $25. I think if we take out $31-32 the s-t trend will be to test $38 on a solid earnings announcement. It may take out $32 this week, it may not, but earnings should kick it into mid thirties next week, if they beat street as expected. $38 looks like next major resistance area from looking at the charts. Volume is looking sweet for the last week, but as usual need the market to cooperate. Coms up +1.44% Naz +0.70%, still leading, barely. Matt

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