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10/01/98 ANN
TAYLOR STORES (ANN)
Points to Watch: Double top formed on
chart and confirmed (1,2 on chart). Stock fell below 55 day moving average which had
provided support. Fell beneath Gann angle support at 22 3/4. RSI showed negative
divergence during second peak and is in steep downtrend. MACD signal line has fallen below
0. Weekly stochastic has turned down from overbought. Short on move beneath Fibonacci
support at 19 5/8. Place initial stop near resistance at 22 3/4.
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Last modified: April 02, 2001
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