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AMCC Chart

 
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arthur
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PostPosted: Fri Jan 21, 2005 8:25 pm    Post subject: AMCC Chart Reply with quote
Semiconductors have been severely beaten down. AMCC reports earnings Wed. Strong support is above 3.00. Resistance is about 3.75 (20 and 50 day MAs). AMCC fell sharply in Jan, and fell on lower volume last week. Consequently, there may be little risk buying at 3.33 (Fri's close). AMCC may bounce on earnings, and rally over the 200 day MA over the next few months.

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