CABLETRON SYSTEMS INC
(CS-NYSE):
Technical Viewpoint: From a low
of $34 3/4 on Feb 23, 2000 prices
rallied, reaching a
high of $50 7/8
on Mar 1, 2000. A
decline saw prices pull back, reaching a
low of
$41 1/4 on Mar 8, 2000.
Another rally saw prices penetrate
resistance, closing 3/27/00
at $50 7/8. Technicals: RSI Index (RSI): A Buy Alert!
was given on Mar 27, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 17, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! CABLETRON SYSTEMS INC
(CS-NYSE) @ $51 5/8 Stop: Use a protective stop of $48 7/8.
CABLETRON SYSTEMS INC is currently trading @ $50 7/8 plus $4 1/4 on Mar 27, 2000. Price Objective:
$69.00. Risk/Reward: $2 3/4 VS. $17 3/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$2 3/4 VS. $17 3/8
Risk/Reward Ratio:
6:1
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