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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: thebeach who wrote (3998)4/3/1998 9:20:00 AM
From: Brett Nelson  Read Replies (2) | Respond to of 18016
 
Technically, NN's 200 day moving average is around 25. This is typically considered a significant support level and will hopefully act as the low of any further downward movement. Tests of the 200 day MA often act the nadir of subsequent rallies. Let's hope that's the case with NN. I agree with the Beach; as soon as we all become disgusted with this stock and sell, NN will announce a huge contract with USW, etc.

Still long