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9/14/99 NFront Inc (NFNT) 


Points to watch: NFNT had a strong day yesterday, closing at 14.94 and confirming the short term double bottom that had been forming on its daily chart (with lows on 8/10 and 9/7).  The stock tested resistance at 15.38, the 38% retracement of its 7/6-8/10 decline, intraday before backing off.  A buy signal would be given on a move above 15.38, with a first upside target of 17.75.  Support is at 14.06 (the 8/18 high), and then 12.4.

 


 

 

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Last modified: April 02, 2000

Published By Tulips and Bears LLC