TRIDENT MICROSYSTEMS INC
(TRID-Nasdaq):
Technical Viewpoint: From a low
of $16.54 on Jan 18, 2007 prices
rallied, reaching a
high of $22.00
on Feb 6, 2007. A
decline saw prices pull back, reaching a
low of
$19.94 on Feb 16, 2007.
Another rally saw prices penetrate
resistance, closing 2/23/07
at $22.71. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 23, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.00. Resistance: Is at $22.00.
Point & Figure: Reversed to the upside on Jan 24, 2007. A P&F upside
reversal takes place at $20.50. Summary: Technical indicators have turned bullish. BUY! TRIDENT MICROSYSTEMS INC
(TRID-Nasdaq) @ $22.88 Stop: Use a protective stop of $20.88.
TRIDENT MICROSYSTEMS INC is currently trading @ $22.71 plus $1.32 on Feb 23, 2007. Price Objective:
$29.50. Risk/Reward: $2.00 VS. $6.62. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.50
Risk/Reward:
$2.00 VS. $6.62
Risk/Reward Ratio:
3:1
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