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VARIAN SEMICON
(VSEA-Nasdaq):
Technical Viewpoint: From a high
of $24 5/8 on Dec 16, 1999 prices
declined, reaching a
low of $35.44
on Dec 23, 1999. A
rally saw prices pull back, reaching a
high of
$30.31 on Jan 6, 2000.
Another decline saw prices penetrate
support, closing 1/28/00
at $50 3/4. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Nov 2, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45 3/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Jan 28, 2000. A P&F downside
reversal takes place at $49.00. Summary: Technical indicators have turned bearish. SELL! Varian Semicon
(VSEA-Nasdaq) @ $52 1/4 Stop: Use a protective stop of $49 3/8.
Varian Semicon is currently trading @ $50 3/4 minus $7 3/4 on Jan 28, 2000. Price Objective:
$66.00. Risk/Reward: $2 7/8 VS. $13 3/4. 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:
$66.00
Risk/Reward:
$2 7/8 VS. $13 3/4
Risk/Reward Ratio:
5:1
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