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Technology Stocks : America On-Line (AOL)
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To: S.M. who wrote (13696)4/28/1999 4:35:00 PM
From: Steeny  Read Replies (3) of 41369
 
Be careful everyone short-term. The 10 day ma has crossed under both the 20 and 30 day ma. This is a negative sign. Look for strong support at around 138 (which represents 50% of the recent move). If 138 breaks, watch for a test of the 50 day ma at about 120. If 120 breaks, look for a test of the longterm trend line(currently around 116). It would not be surprising to see this happen as the longterm line has not been tested since early March. Fundamentally, the stock needs some impetus to move higher. However, long-term nothing to worry about.
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