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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (47512)2/9/1999 5:07:00 PM
From: Kenya AA  Read Replies (2) of 97611
 
El: Breaking the 50-day MA is not good, but it is a short term indicator only. If this happened to CPQ and the rest of the market was not tanking, it be a much more of a negative indicator. Often, when the 50-day is breached, it can be like a shock treatment and the stock snaps back in a day or two. CPQ is not the only major tech stock in this position right now. Volume on the NASDAQ is down 10% from yesterday which is good, but up a little on the DOW.

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