BUY! BROCADE COMMUN (brcd) Nasdaq

  Report No. 855    Analysis by: Harry Aloof     AUGUST 20, 1999

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
5 Most Recent Reports
  Posted on: Jul 29, 2021  Tesla Inc (TSLA-Nasdaq)
  Posted on: Jul 11, 2021  Peabody Energy (BTU-NYSE)
  Posted on: Jul 8, 2021  NCR Corp (NCR-NYSE)
  Posted on: Jul 8, 2021  Modine Manufacturing (MOD-NYSE)
  Posted on: Jun 24, 2021  Live Person (LPSN-Nasdaq)

View All Archives

Trailer
Website Design and Development by Webelancer.com