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| 7/08/99 Xircom Inc (XIRC)
Points to watch: Xircom closed above its 200 day moving average on July 1st for the first time since March 29th. The stock has tested resistance at 31.88-32.13 (the 50% retracement of the 1/29/99-4/9/99 decline, and the 38% retracement of the 12/31/97-1/29/99 rally, respectively) on an intraday basis the past 3 days but has been unable to close above resistance. Technical indicators continue to strengthen and confirm the stock's rally off the April lows: daily MACD gave a buy signal on June 22nd, and weekly RSI gave a buy signal on 6/30. Daily OBV is rising. Daily RSI and stochastics are rising but overbought. A break above the resistance at 31.88-32.13 would give a strong buy signal.
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