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Technology Stocks : Network Appliance
NTAP 107.32+4.0%Nov 21 9:30 AM EST

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To: Mohan Marette who wrote (1038)6/2/1999 7:07:00 PM
From: H.A.M.  Read Replies (2) of 10934
 
Bob Brogan, Editor of the Signal Report, gave a very bullish technical analysis for NTAP today on the Internet broadcast of RadioWallStreet. I e-mailed the question about NTAP and it was answered during the last three minutes of the interview, which can be heard at:

vcall.com

He basically said the following about the stock:
1. Never broke its "relative performance,"
2. chart formation is even more bullish than that for CSCO (one of his favorites),
3. very orderly correction,
4. momentum oscillator indicators going up,
5. money flow good although not great,
6. short-term target is 69 (resistance at 59 ½, 64).

Regards,

Hisham

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