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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Teresa Lo who wrote (9690)	6/13/1999 4:14:00 AM
From: Teresa Lo	Read Replies (2) \| Respond to of 19700

Technical Update - CMGI CMGI is a classic broken and is near the first level of support. It tried to bounce this week, but like the rest of the market, it found sellers at the 20-day exponential moving average overhead. It will be interesting to see if it can hold at the $80 level and rebound from there. If not, the full measurement of the triangle formation gives a target of $60. Please note that CMGI and many stocks are all trading under their respective 20- and 50-day moving averages and we would expect any bounce to find resistance in those areas overhead. Charts have been posted to intelligentspeculator.com