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Microcap & Penny Stocks : FCCN - Frontline Communications -- Ignore unavailable to you. Want to Upgrade?


To: Maximum_Gain who wrote (14)3/17/1999 8:33:00 PM
From: WaveSeeker  Read Replies (1) | Respond to of 82
 
DORSEY WRIGHT starts coverage on FCCN

Dorsey Wright a leading technical Analysis Research Firm announced coverage on Frontline Communications today. The main trend is up for FCCN as the stock is trading above the bullish support line. In Febuary the stock rallied to 13.5 quickly and then the stock began to consolidate. The consolidation occured betwenn the 10 area and the 13.5 area. During this time, FCCN made a higher bottom at $11and now that sets up for a spread quadruple top at $14 a share. Positions can be taken in FCCN here for more aggresive traders, otherwise wait for the breakout at 14. On the downside, it would take a move to $9 to violate the bullish support line.