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SYMBOL TECHNOLOGIES
(SBL-NYSE):
Technical Viewpoint: From a low
of $12.48 on Mar 25, 2004 prices
rallied, reaching a
high of $14.74
on Apr 6, 2004. A
decline saw prices pull back, reaching a
low of
$11.30 on May 7, 2004.
Another rally saw prices penetrate
resistance, closing 6/3/04
at $15.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 17, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $14.75. Resistance: Is at $16.49.
Point & Figure: Reversed to the upside on May 14, 2004. A P&F upside
reversal takes place at $14.00. Summary: Technical indicators have turned bullish. BUY! SYMBOL TECHNOLOGIES
(SBL-NYSE) @ $16.13 Stop: Use a protective stop of $14.63.
SYMBOL TECHNOLOGIES is currently trading @ $15.43 plus $0.72 on Jun 3, 2004. Price Objective:
$27.00. Risk/Reward: $1.50 VS. $11.00. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$27.00
Risk/Reward:
$1.50 VS. $11.00
Risk/Reward Ratio:
7:1
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