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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (11099)1/23/2002 12:49:35 PM
From: Junkyardawg  Read Replies (2) | Respond to of 23786
 
Tell you one stock I am watching (not even thinking about buying it yet) is IBM. I wonder where the bottom is on that thing?



To: Jorj X Mckie who wrote (11099)1/23/2002 12:51:20 PM
From: Junkyardawg  Respond to of 23786
 
8:40 am PT Broadcom (BRCM) 44.75 +1.20 (+2.7%): -- Technical -- Stock is demonstrating relative strength on the session, bidding up on stronger than average volume. Look for initial resistance at 45.10 followed by subsequent overhead at its 50-day simple moving average of 45.40. If it can clear 45.40, stock has little resistance until 46.90/47.00 due to the magnitude of yesterday's sell off. We would become more cautious on BRCM's intraday outlook if it were to fail at intraday support around 44.40.