11/01/99
Linear Technology (LLTC)
Points to watch:
Linear Technology has made a speedy
recovery since it tested its 200 ay moving average in mid-October.
The stock bounced up off the 200-day and looks ready to challenge its July
14th all-time high of 75.75.
The stock surged 5.94 on Friday to close
at 69.94, after it hit an intraday high of 70.25. Resistance is from
69-70.25, a level which stopped a rally attempt on September 3rd. Daily
OBV, RSI, and stochastics are all rising. Stochastics gave a buy
signal in early October when it moved out of oversold territory and turned
up.
a buy signal would be given on a break
above Friday's intraday high of 70.25, and the stock would then likely
make a run at its all-time high of 75.75.
