BROCADE COMMUN
(brcd-Nasdaq):
Technical Viewpoint: From a low
of $108.00 on Jul 22, 1999 prices
rallied, reaching a
high of $128 3/4
on Jul 28, 1999. A
decline saw prices pull back, reaching a
low of
$87.00 on Aug 5, 1999.
Another rally saw prices penetrate
resistance, closing 8/19/99
at $176.94. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 13, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $160.00. Resistance: Is at $186.00.
Point & Figure: Reversed to the upside on Aug 19, 1999. A P&F upside
reversal takes place at $168.00. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUN
(brcd-Nasdaq) @ $181 1/8 Stop: Use a protective stop of $177 7/8.
BROCADE COMMUN is currently trading @ $176.94 plus $15.06 on Aug 19, 1999. Price Objective:
$222.00. Risk/Reward: $3 1/4 VS. $15.90. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$222.00
Risk/Reward:
$3 1/4 VS. $15.90
Risk/Reward Ratio:
5:1
|