BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $180.00 on Feb 28, 2000 prices
rallied, reaching a
high of $249 3/4
on Mar 7, 2000. A
decline saw prices pull back, reaching a
low of
$180.94 on Mar 15, 2000.
Another rally saw prices penetrate
resistance, closing 3/31/00
at $242 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Mar 3, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $210.00. Resistance: Is at $250.00.
Point & Figure: Reversed to the upside on Mar 30, 2000. A P&F upside
reversal takes place at $225.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP
(BRCM-Nasdaq) @ $244 1/8 Stop: Use a protective stop of $240 7/8.
BROADCOM CORP is currently trading @ $242 7/8 plus $31.94 on Mar 31, 2000. Price Objective:
$305.00. Risk/Reward: $3 1/4 VS. $60 7/8. Today's Risk Reward Ratio: 19:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$305.00
Risk/Reward:
$3 1/4 VS. $60 7/8
Risk/Reward Ratio:
19:1
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