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NOVELLUS SYSTEMS
(NVLS-Nasdaq):
Technical Viewpoint: From a low
of $24.96 on Dec 15, 1999 prices
rallied, reaching a
high of $57.44
on Jan 20, 2000. A
decline saw prices pull back, reaching a
low of
$45 1/2 on Jan 28, 2000.
Another rally saw prices penetrate
resistance, closing 2/10/00
at $59 3/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 10, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $52 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 8, 2000. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! NOVELLUS SYSTEMS
(NVLS-Nasdaq) @ $60 1/8 Stop: Use a protective stop of $57 1/4.
NOVELLUS SYSTEMS is currently trading @ $59 3/4 plus $6 1/2 on Feb 10, 2000. Price Objective:
$73.00. Risk/Reward: $2 7/8 VS. $12 7/8. 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:
$73.00
Risk/Reward:
$2 7/8 VS. $12 7/8
Risk/Reward Ratio:
4:1
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