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SILICON GRAPHICS
(SGI-NYSE):
Technical Viewpoint: From a low
of $16.82 on Mar 23, 2011 prices
rallied, reaching a
high of $21.72
on Mar 31, 2011. A
decline saw prices pull back, reaching a
low of
$16.43 on May 3, 2011.
Another rally saw prices penetrate
resistance, closing 5/4/11
at $20.49. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 4, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $19.00. Resistance: Is at $20.90.
Point & Figure: Reversed to the upside on May 4, 2011. A P&F upside
reversal takes place at $18.00. Summary: Technical indicators have turned bullish. BUY! SILICON GRAPHICS
(SGI-NYSE) @ $21.13 Stop: Use a protective stop of $19.63.
SILICON GRAPHICS is currently trading @ $20.49 plus $4.01 on May 4, 2011. Price Objective:
$27.50. Risk/Reward: $1.50 VS. $6.37. 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:
$27.50
Risk/Reward:
$1.50 VS. $6.37
Risk/Reward Ratio:
4:1
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