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NVE CORPORATION
(NVEC-Nasdaq):
Technical Viewpoint: From a low
of $36.00 on Nov 2, 2003 prices
rallied, reaching a
high of $60.33
on Dec 14, 2003. A
decline saw prices pull back, reaching a
low of
$44.32 on Dec 16, 2003.
Another rally saw prices penetrate
resistance, closing 1/13/04
at $61.99. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 5, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $53.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 13, 2004. A P&F upside
reversal takes place at $57.50. Summary: Technical indicators have turned bullish. BUY! NVE CORPORATION
(NVEC-Nasdaq) @ $62.50 Stop: Use a protective stop of $60.13.
NVE CORPORATION is currently trading @ $61.99 plus $7.48 on Jan 13, 2004. Price Objective:
$75.00. Risk/Reward: $2.38 VS. $12.50. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.38 VS. $12.50
Risk/Reward Ratio:
5:1
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