C-Cube Message Board - Msg: 925242

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Technology Stocks : C-Cube

CUBE 36.42

+1.1%

3:59 PM EST

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To: DiViT who wrote (10984)	3/4/1997 3:59:00 PM
From: DiViT	of 50808

ANALYSIS OF C-CUBE MICROSYSTEMS (CUBE) CUBE CLOSED FRIDAY 2-28-97 ON A BULLISH NOTE, DESPITE CLOSING DOWN 5/8. THE NEGATIVE CLOSE AND PRICE ACTION DURING THE DAY WAS SIMPLY A REFLECTION OF THE NEGATIVE MARKET, AND NOT OF ANYTHING DIRECTLY RELATED TO CUBE. THERE IS NEAR-TERM RESISTANCE AT 30 1/4. BREAKING ABOVE 30 1/2 DECISIVELY SHOULD RESULT IN A MOVE UP TO 34 1/2. FAILURE TO BREAK ABOVE 34 1/2 WILL BRING CUBE BACK DOWN TO 30 1/2, WHERE THERE WILL BE SUPPORT. I CONSIDER CUBE A SPECULATIVE BUY AT CURRENT LEVELS, WITH AN UPSIDE TARGET OF 34 1/2 FOR A GAIN OF ~5. SET A STOP 1 1/2 POINTS BELOW YOUR ENTRY; ENTER AT 29 OR BETTER. ANDIE LIN @ MAVERICK TRADING SYSTEM (tm) techstocks.com

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