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Technology Stocks : Egghead Computer (EGGS)
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To: Kip518 who wrote (6919)3/4/1999 12:05:00 PM
From: HairBall  Read Replies (1) of 8307
 
Kip: I have not dropped by the EGGS thread for a while, I see you are still milking this cow...<g>

Regards,
LG

PS: I have a technical read on EGGS. Today Eggs broke below the horizontal trend line (15.0625) of the descending triangle which started at the Nov 30 high. If the 200 day SMA does not hold and I suspect it will not, EGGS will continue to move down. Next support levels are at the 200 day SMA (13.68 at this time approx) and the price action area of 12.5! However, EGGS is way oversold at this time, so a technical bounce is in the near future. However, the previous horizontal trend line may well prove to be resistance.
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