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9/16/99 Micron Electronics (MUEI)
Points to watch: MUEI has built
a solid base over the past 8 months. The stock has traded in a
trading range between 9-13 since late January, and closed yesterday at the
top end of its range at 13.06. Resistance sits just overhead at
13.19, the 38% retracement of the stock's 11/4/98-6/4/99 decline, and a
level which stopped rally attempts on 2/2/99 and 3/16/99. A strong
buy signal would be given on a break above 13.19.
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