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Technology Stocks : Icon CMT Corp. (ICMT) -- Ignore unavailable to you. Want to Upgrade?


To: Toby Zidle who wrote (42)3/27/1998 7:52:00 AM
From: LghtBrgade  Read Replies (1) | Respond to of 128
 
I totally agree with 17 3/4 being next resistance. Hopefully ICMT will start to project itself on a slow but steady uptrend and meet this number. I have admit, however, the chart it starting to make me a bit weary for one reason, it is starting to look like that of Infoseek's (SEEK). SEEK had the same accelerated rise pattern as with ICMT, and then started to trend downward only to sit relatively stale on it's support @18. I know each stock has its own characteristics and trades differently; however, for some reason I stand a bit cautious with SEEK in the back of my head when trading ICMT. ICMT does look a bit stronger and I think it will overcome its resistance. Probably won't be today, possibly could not even next week, but I stand confident it will happen......GOODLUCK