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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (22017)11/7/1997 9:52:00 PM
From: dougjn  Read Replies (1) | Respond to of 61433
 
Everywhere I go to look in on a hugely punished stock, I see your name. I hope you are not doing as badly as it might appear.

Doug



To: Glenn D. Rudolph who wrote (22017)11/7/1997 9:54:00 PM
From: Douglas V. Fant  Read Replies (2) | Respond to of 61433
 
Glennm,

Tonight's Market Edge update tends to support your conclusion, Glenn. Note that the up/down trend edged up ever so slightly today from 0.6 uptrend yesterday to a 0.7 uptrend today. Nothing "thunderous" mind you and the trend could change- but it appears that ASND is now coming under accumulation- at least enough that Market Edge advises not to try to short this stock....

Sincerely,

Doug F.


Second Opinion - ASND
11/10/97

Symbol: ASNDName: ASCEND COMMUNICATIONExchange: NMS PRICE ANALYSISClose24.13Open24.00High24.31Low23.50Change-0.68YrHigh80.25YrLow23.50Mo Chg (%)-28.2ResistanceN/ASupportN/ABUY STOP35.77Volatility (%)6Position5ADXR39

OPINIONC-Rate0.0AVOID 09/15/97ÿÿÿÿÿ35.25

VOLUME ANALYSISVolume63627Ave Vol76508Mo Chg (%)-35.9*U/D ÿ0.7 ÿSlopeUPObvBR*Pos ObvBR*Neg ObvBR*MFI ÿ 26 ÿ SlopeDOWN

TECHNICAL ANALYSISAlpha-0.48Beta1.47MACD-STBR*MACD-LTBR*50-Day R.S.0.5710-Day M.A.DOWN9021-Day M.A.DOWN7950-Day M.A.DOWN71200-Day M.A.DOWN52STO(Slow %K)18STO(Fast %K)14Wilders-RSI21OBOS2Bollinger Bands12RSV1POWER RATING-9

SCORE = 1

COMMENT

Moving Average Convergence/Devergence (MACD) indicates a BEARISH TREND
Chart pattern indicates a STRONG DOWNWARD TREND
Relative Strength is BEARISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is falling which is BEARISH
The 200 day MOVING AVERAGE is falling which is BEARISH
Stochastics indicate stock is OVERSOLD

RECOMMENDATION

AVOID THE STOCK
STOCK IS NOT A SHORT SALE CANDIDATE
IF YOU ARE LONG; CLOSE POSITION OR MONITOR STOCK CLOSELY

MarketEdge & Second Opinion are neither offers to sell nor solictations of offers to buy any security.
See User Agreement for other disclaimers.

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