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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: tech who wrote (7867)	11/17/1997 9:24:00 AM
From: tech	Read Replies (1) \| Respond to of 13949

Analysis of ALYD as of close 11/14 The upper Bollinger band is at 19 1/16 the lower is at 13 25/32 The 9day, 28day, and 49day moving avgs. are as follows: 9day = 15 31/32 28day = 17 27/32 49day= 19 17/32 The most noticeable thing about ALYD, other than the stock tanking, is the change in avg. daily volume. The stock in Sept.. use to trade about 120,000 shares a day, but now the avg. volume is only about 50,000 shares a day. I would look to buy ALYD between 11 1/4 to 12. There should be strong support at those levels. However, increases in volume should be noted and if the stock starts to climb back up near the 9day moving avg., it could indicate a trend reversal. From there the next moving avg. line becomes the resistance and the previous one becomes support. ALYD needs a good kick of volume before it can recover. Rating HOLD..... but watch if the stock shows increase in volume and starts to break through the moving avgs, it could go back and test the 49day moving avg.