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PALMONE INC
(PLMO-Nasdaq):
Technical Viewpoint: From a low
of $19.75 on Jun 18, 2004 prices
rallied, reaching a
high of $35.50
on Jul 9, 2004. A
decline saw prices pull back, reaching a
low of
$32.49 on Jul 14, 2004.
Another rally saw prices penetrate
resistance, closing 7/19/04
at $38.76. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 25, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 19, 2004. A P&F upside
reversal takes place at $36.75. Summary: Technical indicators have turned bullish. BUY! PALMONE INC
(PLMO-Nasdaq) @ $39.25 Stop: Use a protective stop of $37.25.
PALMONE INC is currently trading @ $38.76 plus $3.77 on Jul 19, 2004. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.75. 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:
$48.00
Risk/Reward:
$2.00 VS. $9.75
Risk/Reward Ratio:
5:1
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