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Non-Tech : Iomega Thread without Iomega
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To: sheila rothstein who wrote (6967)2/2/1999 7:06:00 PM
From: Thomas J. Smith  Read Replies (2) of 10072
 
IOM price has increased on very light volume. This is a very suspect move and both the 50 and 200 day moving average are declining which says that selling into any kind of rally may be wise. The BOP has gone RED today indicating the rally is very weak. Yes it is possible to move alittle higher here, but there will be major resistance at the 50 DMA (which is in the low 8's). Good luck to all and have a nice trade.
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