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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Gary who wrote (6350)	5/10/1999 6:47:00 PM
From: Michael A. Martin	Read Replies (1) \| Respond to of 17183

EMC, is a buy based on several technical indicators. Note 1: heavy support at the $95.00. going back several months and tested that level 1/22/99, 2/9/99, 3/4/99, 4/20/99, and 5/5/99. Note 2: As of last Fridays close, Stochastics was turning up from oversold levels, RSI was turning up from oversold levels, and most promising of all MACD was pointing to a bullish divergence. Went long today 200shrs @97.50, target $120.00 (which is resistance), with a 5% trailing stop. It's close above $100.00 today is very positive, and with a two for one split coming up, I'm looking for a good pop to the upside. As for growth EMC is the leader in High End Disk Arrays. Happy Trading!!!