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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bershtein who wrote (22262)	6/3/1999 11:42:00 AM
From: jad	Read Replies (1) \| Respond to of 29386

Stock of the Hour Jun 3 1999 10:04AM CST Archives..WSCity. ANCR Establishes New 52-Week High On Strong Volume by : Rajul Kadakia Senior Research Analyst Ancor Communications, Inc.(ANCR), which develops fiber channel network products, shot through its 52-week high on five times its average daily volume today. ANCR is currently trading 1.8 million shares at $13 13/16, up nearly 35 percent from yesterday's close. News broke out earlier this morning that ANCR had signed an Original Equipment Manufacturer, OEM, agreement to provide fiber channel switches to Sun Microsystems, (SUNW). The news caused the stock to gap up at the open by $3 3/16 and climb to its new 52-week high of $14 27/32. ANCR's old 52-week high of $12 11/16 should serve as a strong level of support for the stock which may encounter weak resistance at $14 27/32. However, it may be a good time to invest in ANCR if the stock pulls back slightly considering its stock price has appreciated a phenomenal 150 percent within the last thirty days