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ALTERA CORP
(ALTR-Nasdaq):
Technical Viewpoint: From a low
of $79 3/8 on Apr 16, 2000 prices
rallied, reaching a
high of $98 3/8
on Mar 27, 2000. A
decline saw prices pull back, reaching a
low of
$71 1/4 on Apr 14, 2000.
Another rally saw prices penetrate
resistance, closing 4/27/00
at $106.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 18, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $91 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 25, 2000. A P&F upside
reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! ALTERA CORP
(ALTR-Nasdaq) @ $106 7/8 Stop: Use a protective stop of $103 3/4.
ALTERA CORP is currently trading @ $106.00 plus $8.44 on Apr 27, 2000. Price Objective:
$138.00. Risk/Reward: $3 1/8 VS. $31 1/8. 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:
$138.00
Risk/Reward:
$3 1/8 VS. $31 1/8
Risk/Reward Ratio:
10 :1
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