TESSERA TECHNOLOGIES INC
(TSRA-Nasdaq):
Technical Viewpoint: From a low
of $30.58 on Sep 19, 2006 prices
rallied, reaching a
high of $3577
on Sep 27, 2006. A
decline saw prices pull back, reaching a
low of
$33.52 on Oct 3, 2006.
Another rally saw prices penetrate
resistance, closing 10/13/06
at $36.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 13, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $34.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 26, 2006. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! TESSERA TECHNOLOGIES INC
(TSRA-Nasdaq) @ $36.38 Stop: Use a protective stop of $34.38.
TESSERA TECHNOLOGIES INC is currently trading @ $36.31 plus $1.82 on Oct 13, 2006. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $13.12. 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:
$49.50
Risk/Reward:
$2.00 VS. $13.12
Risk/Reward Ratio:
6:1
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