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Technology Stocks : Seagate Technology
STX 237.49-1.3%Nov 21 4:00 PM EST
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To: Jean M. Gauthier who wrote (6708)1/20/1999 1:58:00 PM
From: William Epstein  Read Replies (1) of 7841
 
To All;

Regardless, of the price on any given day, one thing stands out. The average daily volume is rising. It has moved from about 2,300,000 to about 3,000,000 for the month of January, so far. This is a very important indicator of sentiment and momentum. It generally means a higher price level will follow. Usually, stocks reach their highest momentum and volume at or near the apex of a rally. I believe the volume is still rising and will continue to rise for some time to come. Put simply, it shows increasing public interest in the stock.
PHOTOMAN

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