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BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $42.00 on Dec 5, 2002 prices
rallied, reaching a
high of $50.16
on Dec 8, 2002. A
decline saw prices pull back, reaching a
low of
$36.57 on Dec 20, 2002.
Another rally saw prices penetrate
resistance, closing 1/8/02
at $49.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 3, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.50. Resistance: Is at $50.00.
Point & Figure: Reversed to the upside on Jan 8, 2002. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP
(BRCM-Nasdaq) @ $49.75 Stop: Use a protective stop of $46.88.
BROADCOM CORP is currently trading @ $49.24 plus $1.88 on Jan 8, 2002. Price Objective:
$70.00. Risk/Reward: $2.88 VS. $20.25. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70.00
Risk/Reward:
$2.88 VS. $20.25
Risk/Reward Ratio:
7:1
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