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EMC CORP
(EMC-NYSE):
Technical Viewpoint: From a low
of $67.81 on Sep 24, 1999 prices
rallied, reaching a
high of $78.00
on Oct 5, 1999. A
decline saw prices pull back, reaching a
low of
$60.00 on Oct 21, 1999.
Another rally saw prices penetrate
resistance, closing 11/10/99
at $77 5/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 1, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $71.00. Resistance: Is at $78.00.
Point & Figure: Reversed to the upside on Nov 5, 1999. A P&F upside
reversal takes place at $74.00. Summary: Technical indicators have turned bullish. BUY! EMC CORP
(EMC-NYSE) @ $78 1/8 Stop: Use a protective stop of $75 1/4.
EMC CORP is currently trading @ $77 5/8 plus $3 5/8 on Nov 10, 1999. Price Objective:
$87.00. Risk/Reward: $2 7/8 VS. $8 7/8. 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:
$87.00
Risk/Reward:
$2 7/8 VS. $8 7/8
Risk/Reward Ratio:
3:1
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