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| 6/25/99 MediaOne Group (UMG)
Points to watch:
UMG moved fell below its 55 day moving average yesterday and closed just above trendline support at 73.1 after testing support intraday. The up trendline drawn from the December lows acted as support during two previous tests on April 19-20 and June 14-15. Long term technical indicators have begun to show weakness, with weekly MACD, R.O.C., RSI, and stochastics all giving sell signals recently. A break below the trendline support would be a sell signal, but we would wait for the further confirmation of the stock moving below the 6/15 low of 71.5 before selling. The next downside support is at 69 and 65.
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