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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Ed Forrest who wrote (19462)6/1/1999 4:17:00 PM
From: Steeny  Read Replies (3) | Respond to of 41369
 
Today was our first close below 115 since mid March on very light volume. This close just confirms the negative trend we have been in for some time. Resistance points are dropping. Look for support at 110(100dma), then the mid 90s(200dma, heavy trading range).

115 is showing resistance now(mild though-volume is light) then 120(heavy trading zone), 130(25dma)

Stochoastics point to a very oversold stock, but as I said last week, there are too many other factors against AOL right now to rely on stochoastics(broken trendline, receding highs on lower volume, moving averages crossing under each other 25 well under 50 now). Mixed signals tell me to stay away.