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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 3:59 PM EST
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To: pat mudge who wrote (8875)1/6/1999 6:36:00 PM
From: Robert  Read Replies (1) of 18016
 
TA: The 200, 50, and 10 day averages are all positive. The 50 day average has broken through the 200 day average, which is bullish. The MACD is strongly positive, although showing some signs of vulnerability. Supporting volume yesterday and today was moderately bullish. Stochastics is somewhat over bought. We may see some consolidation, or retracement, but the technicals remain bullish, with no cause for immediate concern.....Not a clear cut case, but not too bad over all...cheers, Robert
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