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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (3434)	7/5/2001 12:13:38 PM
From: keithcray	Respond to of 208838

Watch BRCD here for support at $42.50 $42.40 area. 11:56 ET Brocade Comms (BRCD) 43.12 -0.97 (-2.2%): -- Technical -- Has struggled over the last four sessions to take out resistance near 45 after edging above a trendline off the May/June highs last week. This trendline and the 50 day simple ma now provide important support in the 42.50/42.40 area. A penetration of this floor would argue for a more extensive pullback with initial support at 41/40.75. Stabilization above the trendline and a breach of 45 would open the door to resistance at 47/48.