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Technology Stocks : IDTI - Dark Horse For '96 ?
IDTI 48.990.0%Mar 29 4:00 PM EDT

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To: Dahmane Dahmani who wrote (1094)4/26/1996 12:14:00 AM
From: BULL   of 1139
 
Dahmane

The next resistance area is around the mid $17 range. If we get 1-2 upgrades over the next few days we could pearce throught that level and head to the next resistance level which is just under $20. However, there are no guarantees, this sector is volatile, and money moves our quicker than it comes in. The high volume is helping build support for the stock at the current levels. Of course, keep in mind that how the NASDQ does also has an impact on IDTI and other Tech stocks. IMHO, I look for IDTI to fluctuate between $13.5 and $17.5 over the next couple of months, there may be a few days where we can get outside of this window. The big move will come closer to the next quarterly earnings report. We could get to lower 20's if everything works out with regards to new plant startups and fusion technology. Of course there are no guarantees, that's just my opinion.

Good Luck
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