ZORAN CORP
(ZRAN-Nasdaq):
Technical Viewpoint: From a low
of $26.40 on Feb 7, 2002 prices
rallied, reaching a
high of $47.52
on Mar 7, 2002. A
decline saw prices pull back, reaching a
low of
$37.24 on Mar 13, 2002.
Another rally saw prices penetrate
resistance, closing 4/1/02
at $47.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 27, 2002. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! ZORAN CORP
(ZRAN-Nasdaq) @ $48.13 Stop: Use a protective stop of $45.63.
ZORAN CORP is currently trading @ $47.72 plus $4.04 on Apr 1, 2002. Price Objective:
$58.50. Risk/Reward: $2.50 VS. $10.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58.50
Risk/Reward:
$2.50 VS. $10.38
Risk/Reward Ratio:
4:1
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