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

To: signist who wrote (12112)	2/12/1999 9:13:00 AM
From: Bruce L	Read Replies (1) \| Respond to of 42804

John: If MRVC breaks below the 50 day MA it is definitely a big negative. Actually, any move at all below these levels (8 1/8) would seem to foretell a further drop to ~ 7 1/2. We do have support at 8 1/8: this was where we gapped up on 1/26/99 to close at 9 7/8. If we close below this level it would vitiate that best move up of the past year. I am optimistic that support will hold. As Sector noted yesterday we had a quarter point drop just before close on almost no volume. It may have just been MM manipulation. Actually we had positive money flow yesterday. TA indicators that are mildly negative: CCI, Stochastics, MACD and relative strength. OBV was neutral. Bruce