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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: t36 who wrote (7747)	10/2/1999 9:02:00 AM
From: jad	Read Replies (1) \| Respond to of 17183

EMC Attempts To Break Out Of Its Trading Range Shares of EMC Corporation (EMC) are moving back towards their high on moderate volume today. The stock appeared in the 3:00 p.m. EDT ProSearch run of Squeeze the Shorts. EMC set a new high of $75 5/8 in mid-September on strong volume and is attempting to close above resistance at $72 for first time this week. The stock has been in a four dollar trading range over the past two weeks and has converged with its 10-day moving average line. With the stochastic measurement back below 70, EMC no longer exhibits oversold conditions and could likely retest its highs early next week. Investors should look for a close above $75 on strong volume as confirmation that the stock has broken out of its trading range. WSCity