To: Joey Smith who wrote (58689 ) 6/24/1998 5:58:00 PM From: Ibexx Read Replies (1) | Respond to of 186894
Joey and thread, The following are excerpts from Daily Technical Commentaries by the famed TA, Ralph Acampora of Prudential Sec and Wall Street Week, as of 6/24/98. Please read at your own risks: "Investment Ideas DELL $93 1/8 (rated a fundamental hold by Prudential Securities Research Department) Support: $ 76 -77 Resistance: $98 -99 Target price: $108, $119 CSCO $87 7/8 (rated a fundamental buy by Prudential Securities Research Department) Support: $81 -82 Resistance: None Target price: $97 LU $78 1/2 (rated a fundamental buy by Prudential Securities Research Department) Support: $66 - 67 Resistance: $79 Target price: $84, 92 TLAB $69 3/8 (rated a fundamental buy by Prudential Securities Research Department) Support: $72 -73 Resistance: $61 -62 Target price: $73, 80 INTC $75 1/4 (rated a fundamental buy by Prudential Securities Research Department) Support: $77 - 78 Resistance: $65 -66 Target price: $85 UIS $26 15/16 ( rated a fundamental buy by Prudential Securities Research Department) Support: $23 -24 Resistance: None Target price: $29, 32 MSFT $100 3/4 (Not fundamentally rated by Prudential Securities Research Department) Support: $93 - 94, $81 -82 Resistance: None Target price: $112 ......... General Electric ( GE - 88 1/8 ) which rated a fundamental buy by Prudential Securities Equity research , is breaking out of its most recent consolidation and appears poised for new highs. Potential now exists to $95 on a near-term basis. Initial support is now seen at $86. (Prudential Securities and/or its affilitates has managed or co-managed a public offering of securities and/or has performed investment banking or other services for General Electric.) Lucent Technologies (LU- 78 1/2 ) which is a rated a fundamental buy by Prudential Securities Equity research , is breaking out of its most recent consolidation and appears poised for new highs. Potential now exists to $84 and then $92. Initial support is now seen at $66 -67. ______ Ibexx