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Technology Stocks : Midway Games - MWY

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To: LEO RISHTY who wrote (81)9/20/1998 2:10:00 PM
From: Rob S.  Read Replies (1) of 278
 
My guess is that MWY may be poised for nice gains. The stock has almost formed the classic "cup and handle" formation - if it holds above 11 1/4 for the next 2-3 weeks and then closes above 12 3/4 set back on 9/14, it will most likely move toward the next resistance level - 14-16. It will take strong sales & earnings and renewed interest in the stock to move it past that resistance level.
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