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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (16929)10/14/1998 5:44:00 PM
From: Judy  Read Replies (1) | Respond to of 120523
 
Anthony,

A quick assessment of MTC's three-year chart. Not prudent to bottom fish on MTC for a trade ... 35-36 is historical support which it violated today and I have no idea why. Also this is a good candidate for tax loss selling so upside may be limited in the near-term. Go long when it bounces up from historical support and exit at 42-45.

Keep in mind I don't follow its fundamentals and they can invalidate this technical read.