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Tech Stock News And Analysis

Tech Stock News and Analysis

Wednesday, February 07, 2007

The NASDAQ Composite Index appears poised to break out to new multi-year highs. This 6 month charts shows strong support at the 50 day moving average. The NASDAQ has rallied over 200 points since the 50 day moving average crossed the 200 day moving average back in October. If the NASDAQ Index can break above 2510 it could move much higher in this market that is being driven by positive earnings news throughout the tech and biotech sectors.

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