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MTI TECHNOLOGY
(MTIC-Nasdaq):
Technical Viewpoint: From a low
of $14 3/4 on Aug 5, 1999 prices
rallied, reaching a
high of $21 1/2
on Aug 13, 1999. A
decline saw prices pull back, reaching a
low of
$17 1/2 on Aug 26, 1999.
Another rally saw prices penetrate
resistance, closing 9/1/99
at $24.38. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 30, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.00. Resistance: Is at $25 1/2.
Point & Figure: Reversed to the upside on Aug 31, 1999. A P&F upside
reversal takes place at $21 3/4. Summary: Technical indicators have turned bullish. BUY! MTI TECHNOLOGY
(MTIC-Nasdaq) @ $24 3/4 Stop: Use a protective stop of $22 3/4.
MTI TECHNOLOGY is currently trading @ $24.38 plus $2.07 on Sep 1, 1999. Price Objective:
$33.00. Risk/Reward: $2.00 VS. $8 1/4. 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:
$33.00
Risk/Reward:
$2.00 VS. $8 1/4
Risk/Reward Ratio:
4:1
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