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QLOGIC CORP
(QLGC-Nasdaq):
Technical Viewpoint: From a low
of $33.07 on Feb 26, 2003 prices
rallied, reaching a
high of $40.81
on Mar 17, 2003. A
decline saw prices pull back, reaching a
low of
$36.94 on Apr 1, 2003.
Another rally saw prices penetrate
resistance, closing 4/17/03
at $41.52. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 12, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.25. Resistance: Is at $43.68.
Point & Figure: Reversed to the upside on Apr 16, 2003. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP
(QLGC-Nasdaq) @ $41.75 Stop: Use a protective stop of $39.75.
QLOGIC CORP is currently trading @ $41.52 plus $1.69 on Apr 17, 2003. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.00
Risk/Reward:
$2.00 VS. $12.25
Risk/Reward Ratio:
6:1
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