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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: dwight vickers who wrote (7452)1/31/1997 10:31:00 PM
From: dwight vickers   of 42771
 
John Murphy highlighted NOVL this afternoon on CNBC as a breakout on "very nice volume".

He says the next upside target (where he thinks we are headed) is $15 1/2, the high last spring.

My opinion is that we broke downtrend lines, crossed over the 200 day M/A, and broke through the triple top at 12-12 1/4. That technical action helped bring in more buying.
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