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C-CUBE MICROSYSTEMS
(CUBE-Nasdaq):
Technical Viewpoint: From a low
of $33 1/2 on Sep 23, 1999 prices
rallied, reaching a
high of $45 1/8
on Sep 29, 1999. A
decline saw prices pull back, reaching a
low of
$34 1/2 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/4/99
at $45.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $41.00. Resistance: Is at $46 3/4.
Point & Figure: Reversed to the upside on Nov 4, 1999. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! C-CUBE MICROSYSTEMS
(CUBE-Nasdaq) @ $45 1/4 Stop: Use a protective stop of $42 5/8.
C-CUBE MICROSYSTEMS is currently trading @ $45.00 plus $3.00 on Nov 4, 1999. Price Objective:
$56.00. Risk/Reward: $2 5/8 VS. $10 3/4. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56.00
Risk/Reward:
$2 5/8 VS. $10 3/4
Risk/Reward Ratio:
4:1
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