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To: MU Lation who wrote (16819)5/12/1999 4:26:00 PM
From: Steeny  Read Replies (3) | Respond to of 41369
 
Some TA: 140 is still a big resistance point. It roughly represents the 25 day MA and the big express stop on the way down. It will take heavy volume to get over it and today's volume was pitiful. We are still well above the 50dma and the uptrend obviously still intact. The 140-145 zone will be heavy and it will probably take some news to break through. If we do get through, the next target is the mid to upper 150s(upper end of our channel), then 162, 168, and 175 (old highs). WE NEED VOLUME to confirm that this is a real up-move and not just a headfake. Ideally, from a technical standpoint, we need heavier volume than the last move up to 162

Downside: the 50 dma will support as will the trendline at 118.