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Technology Stocks : MENTOR GRAPHICS
MENT 37.250.0%Mar 31 5:00 PM EST

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To: Judy Muldawer who wrote (185)1/30/1999 12:23:00 PM
From: P314159d  Read Replies (1) of 376
 
Well we just got a confirming up move on increasing volume.
The buys came in spurts two times during the day. Very quiet-like
Do you realize that Fridays close is the second best in the last three months? Only the day that it popped to 12 did it finish higher
at 10 5/8ths. Earnings release due out Monday close, I think.
Based on closing prices, the chart is a deep cup with a handle.
So Monday volume should tell if the handle is complete or we have to build some more. 200 /50 MA crossover point is this week if we hold these prices.

All in all, I am in and adding each day I get confirmation. We may have to take a breather at 13, but I like a 6 month target of 17.
Keep that faith.
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