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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (8098)	12/2/1997 6:37:00 PM
From: Michael Perez	Read Replies (2) \| Respond to of 21342

Trey, You must admit for the time being 17 is resistance. Look at the price action over the last few days, everytime it goes over 17 it's met by selling back down to 16+ area. Although at this point, WSTL is also supported by good buying at around 16 1/8. Today was a good example. I think this price action is called basing. The real story will be which way it breaks out. The down side could be 10 who saids it has to stop higher. It all depends on the quality of the news good, bad or none.