EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: freeus who wrote (4392)	2/17/1999 2:41:00 PM
From: William F. Wager, Jr.	Read Replies (2) of 17183

Hi Freeus..I'm no technician but here is some TA from MarketEdge date of 2/16/99. They say support is at 95.31 and place a sell stop at 94.20, anyway, FWIW... COMMENT Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a POSSIBLE TREND REVERSAL Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is rising which is BULLISH LOOK FOR SUPPORT AT 95.31 RECOMMENDATION STOCK SHOWS MILDLY DETERIORATING CONDITIONS SCORE = -2 IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION STOCK IS NOT A SHORT SALE CANDIDATE --Bill

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