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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: rll who wrote (57993)11/12/1998 3:22:00 PM
From: James Strauss  Read Replies (1) | Respond to of 58324
 
Rll:

The long term trendline in the 6 3/4 to 6 7/8 area goes back 2 years... It was broken during the lows of the last correction... It has since been penetrated to the upside before going to 9.00 on a closing basis... It has now retraced 37 1/2% of its recent gains... This, in conjunction with the long term trendline tells me we are in buying territory...

bigcharts.com

Note the positive MACD... In the past, positive MACD has coincided with rising stock prices...

Jim