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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (3459)4/27/1998 9:56:00 PM
From: DEER HUNTER  Read Replies (2) | Respond to of 21143
 
Arthur......I don't know what is going on but I like it. 'Major' breakout today on healthy volume during a major crunch of the 'averages' sends a very positive long term message. Concurrents stock has been put in motion. Upside resistance appears thin IMHO. Next chart point resistance at 7.75 put in the week of 12/30/92. This was so long ago that I believe it will show little resistance when the stock finally gets there. For all intent and purposes this stock has no resistance. What we need is 'fundamental news' to support the new stock price. I would think it's out there....just not reported yet. Technically todays price action triggered simultaneous breakouts on the yearly charts out to five years. VERY bullish long term. Look at all the great ones......two year breakouts are good but five year breakouts are very good. Pullbacks are inevitable as usual with a volatile stock.....one never knows when they will come. Sentiment still appears bullish in that the rally is being viewed with much distrust.....no sign of a top IMHO. The light is 'green'.

DH