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

To: 2MAR$ who wrote (6038)	7/16/2001 12:50:31 PM
From: SusieQ1065	Respond to of 208838

12:47 ET Veritas Software (VRTS) 49.34 -3.71: -- Technical -- Stock breaks down under important support at 50 (gap support from early April). Look for first support at 48.7 (lower end of 20-day Bollinger bands) and on a break of 48.7 there is little support until the area of 44.9. It's worth noting this is one to be wary of as it can turn on a dime if the intraday outlook for the Nasdaq would improve. It's also oversold on a near-term basis and trading lower on only moderate volume. Worth watching nonetheless if the Nasdaq should break down further.