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DIGITAL LIGHTWAVE INC
(DIGL-Nasdaq):
Technical Viewpoint: From a low
of $44 1/2 on Jan 11, 2000 prices
rallied, reaching a
high of $65.00
on Jan 24, 2000. A
decline saw prices pull back, reaching a
low of
$50.00 on Feb 1, 2000.
Another rally saw prices penetrate
resistance, closing 2/22/00
at $73 5/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 8, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $61 1/4. Resistance: Is at $75.00.
Point & Figure: Reversed to the upside on Feb 22, 2000. A P&F upside
reversal takes place at $68 1/4. Summary: Technical indicators have turned bullish. BUY! DIGITAL LIGHTWAVE INC
(DIGL-Nasdaq) @ $76 1/8 Stop: Use a protective stop of $73 1/4.
DIGITAL LIGHTWAVE INC is currently trading @ $73 5/8 plus $13 1/8 on Feb 22, 2000. Price Objective:
$104.00. Risk/Reward: $2 7/8 VS. $27 7/8. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$104.00
Risk/Reward:
$2 7/8 VS. $27 7/8
Risk/Reward Ratio:
10:1
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