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


To: Tech97 who wrote (30494)1/15/1998 2:53:00 AM
From: Douglas V. Fant  Read Replies (1) | Respond to of 61433
 
Tech97, Thought you all wouldlike ot see the technical rating on ASND from Marketedge: Note that ASND is rated a "+4" currently. What that means is that technically ASND is just barely below being upgrade from a "Neutral" to a "Buy" rating based upon the overall performance of its technical parameters.

This is why the short interest has been dropping on this stock...

Sincerely,

Doug F.

01/15/98

Symbol: ASNDName: ASCEND COMMUNICATIONExchange: NMS PRICE ANALYSISClose30.19Open28.88High30.31Low28.63Change1.56YrHigh80.25YrLow22.00Mo Chg (%)11.6

Resistance29.62Support25.44BUY STOP26.50Volatility (%)6Position98ADXR17OPINIONC-Rate0.0NEUTRAL FROM AVOID12/05/97 ÿ ÿ ÿ ÿ ÿ 26.88VOLUME ANALYSISVolume72743Ave Vol 59032Mo Chg (%)-4.1*

U/D ÿ 1.6 ÿ SlopeUP ObvBLPos ObvBLNeg ObvBLMFI ÿ 74 ÿ SlopeUPTECHNICAL ANALYSISAlpha-0.40Beta1.36MACD-STBLMACD-LTBL50-Day R.S.1.0710-Day M.A.UP11221-Day M.A.UP11650-Day M.A.UP117200-Day M.A.DOWN78STO(Slow %K)82STO(Fast %K)98Wilders-RSI71OBOS0Bollinger Bands23RSV9POWER RATING53SCORE = 4

COMMENT

Moving Average Convergence/Devergence (MACD) indicates a BULLISH TREND
Chart pattern indicates a POSSIBLE TREND REVERSAL
Relative Strength is BULLISH
Up/Down volume pattern indicates that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH
The 200 day MOVING AVERAGE is falling which is BEARISH
LOOK FOR SUPPORT AT 25.44
PRICE IS ABOVE RESISTANCE OF 29.62 WHICH IS BULLISH
Stochastics indicate stock is OVERBOUGHT

RECOMMENDATION

STOCK SHOWS STRONGLY IMPROVING CONDITIONS SCORE = 4
IF YOU ARE SHORT THIS STOCK CONSIDER COVERING OR MONITOR STOCK CLOSELY
STOCK IS AN EARLY ENTRY BUY CANDIDATE IF STOCK CLOSES ABOVE 26.50

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