CONEXANT SYSTEMS
(CNXT-Nasdaq):
Technical Viewpoint: From a low
of $58 7/8 on Nov 30, 1999 prices
rallied, reaching a
high of $76.19
on Dec 9, 1999. A
decline saw prices pull back, reaching a
low of
$53.00 on Jan 7, 2000.
Another rally saw prices penetrate
resistance, closing 1/14/00
at $74 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $63.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 14, 2000. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! CONEXANT SYSTEMS
(CNXT-Nasdaq) @ $76 3/8 Stop: Use a protective stop of $73 1/2.
CONEXANT SYSTEMS is currently trading @ $74 1/8 plus $5 5/8 on Jan 14, 2000. Price Objective:
$108.00. Risk/Reward: $2 7/8 VS. $31 5/8. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$108.00
Risk/Reward:
$2 7/8 VS. $31 5/8
Risk/Reward Ratio:
11:1
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