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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (32383)5/21/2001 1:53:36 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 70236
 
11:16 ET Sector Watch: Software : Index in position for a run to a new recovery high with VRTS (+7.2%), ITWO (+6%), BEAS (+5.2%) and CHKP (+5%) pacing the way. Momentum favorite CHKP is again testing a key technical barrier near 60 (50 day moving average/late April lows) which stymied the bulls last week. Technicals are lined up for a break with such a development targeting resistance at 63.