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SYNOPSYS INC
(SNPS-Nasdaq):
Technical Viewpoint: From a low
of $51.37 on May 21, 2003 prices
rallied, reaching a
high of $64.13
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$59.59 on Jun 13, 2003.
Another rally saw prices penetrate
resistance, closing 6/25/03
at $63.59. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jun 18, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $62. Resistance: Is at $64.13.
Point & Figure: Reversed to the upside on Jun 16, 2003. A P&F upside
reversal takes place at $61.50. Summary: Technical indicators have turned bullish. BUY! SYNOPSYS INC
(SNPS-Nasdaq) @ $64.13 Stop: Use a protective stop of $61.63.
SYNOPSYS INC is currently trading @ $63.59 plus $1.67 on Jun 25, 2003. Price Objective:
$79.00. Risk/Reward: $2.50 VS. $14.88. 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:
$79.00
Risk/Reward:
$2.50 VS. $14.88
Risk/Reward Ratio:
6:1
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