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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: Red Scouser who wrote (64989)7/13/1999 9:19:00 PM
From: Christopher  Respond to of 97611
 
Red Scouser, CPQ held very well today. It is consolidating right now as it hit resistance at 27. 27 to 29.50 is an area of resistance for CPQ but it held extremely well today while both DELL and GTW took bigger hits. If CPQ closes above 27 then this will be very positive sign and I have a feeling it will. If it turns down then it would go back to 24 and go back toward 27 again for another try. The OBV(On Balance Volume) is very bullish for CPQ indicating that more volume is going into buying then selling while CPQ is challenging its resistance at 27. This is a very positive sign. It is acting very well at this time and hopefully you will soon recover and make some good bucks too.

Good trading,

Christopher