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9/04/99 Quintiles Transnational (QTRN)
Points to watch: A
bottom appears to be in place for QTRN, and the stock looks ready to move
higher. After hitting a high last December, the stock declined into
early August before finding support near 31, a level which also provided
support in December 1997. Daily OBV began rising sharply shortly
after the stock hit bottom, and on Friday the stock flirted with
resistance at 38.94 (the 8/18 high) intraday before backing off to
close at 37.88. A break above the 8/18 high of 38.94 would give a
short term buy signal. Upside resistance is at 41 and then 44.75.
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