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EMULEX CORP
(ELX-NYSE):
Technical Viewpoint: From a low
of $21.90 on Aug 14, 2003 prices
rallied, reaching a
high of $24.74
on Aug 22, 2003. A
decline saw prices pull back, reaching a
low of
$22.85 on Aug 25, 2003.
Another rally saw prices penetrate
resistance, closing 9/8/03
at $27.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 9, 2003. A P&F upside
reversal takes place at $25.50. Summary: Technical indicators have turned bullish. BUY! EMULEX CORP
(ELX-NYSE) @ $27.13 Stop: Use a protective stop of $25.13.
EMULEX CORP is currently trading @ $27.00 plus $1.73 on Sep 9, 2003. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $11.88. 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:
$39.00
Risk/Reward:
$2.00 VS. $11.88
Risk/Reward Ratio:
6:1
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