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3COM CORP
(COMS-Nasdaq):
Technical Viewpoint: From a low
of $26.00 on Sep 23, 1999 prices
rallied, reaching a
high of $31.56
on Oct 14, 1999. A
decline saw prices pull back, reaching a
low of
$26.56 on Oct 25, 1999.
Another rally saw prices penetrate
resistance, closing 11/9/99
at $31.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 1, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.00. Resistance: Is at $33 1/2.
Point & Figure: Reversed to the upside on Oct 28, 1999. A P&F upside
reversal takes place at $30 1/2. Summary: Technical indicators have turned bullish. BUY! 3COM CORP
(COMS-Nasdaq) @ $32 1/8 Stop: Use a protective stop of $29 7/8.
3COM CORP is currently trading @ $31.50 plus $1.69 on Nov 9, 1999. Price Objective:
$44.00. Risk/Reward: $2 1/4 VS. $11 7/8. 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:
$44.00
Risk/Reward:
$2 1/4 VS. $11 7/8
Risk/Reward Ratio:
5:1
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