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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: signist who wrote (11707)1/20/1999 1:57:00 PM
From: Bruce L  Read Replies (1) | Respond to of 42804
 
Has anyone else noticed how technically strong MRVC has been today?

A gap open today(8 1/8) on good volume. We pulled back from the opening high (8 1/2) but now are "filling the gap." Volume is double (already) ADV; most of the large blocks have been on the buy side. Money flow yesterday was slightly negative, but I'm pretty sure it will be back in the black today; and every other technical measure is positive.

Next major resistance is ~ 9 1/2. IMHO