|
MACROMEDIA INC
(MACR-Nasdaq):
Technical Viewpoint: From a low
of $42 1/4 on Apr 17, 2000 prices
rallied, reaching a
high of $90.44
on May 16, 2000. A
decline saw prices pull back, reaching a
low of
$64 7/8 on May 24, 2000.
Another rally saw prices penetrate
resistance, closing 6/5/00
at $96.87. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 2, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $85.00. Resistance: Is at $100.00.
Point & Figure: Reversed to the upside on May 25, 2000. A P&F upside
reversal takes place at $90.00. Summary: Technical indicators have turned bullish. BUY! MACROMEDIA INC
(MACR-Nasdaq) @ $97 7/8 Stop: Use a protective stop of $94 7/8.
MACROMEDIA INC is currently trading @ $96.87 plus $7.44 on Jun 5, 2000. Price Objective:
$120.00. Risk/Reward: $3.00 VS. $22 1/8. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$120.00
Risk/Reward:
$3.00 VS. $22 1/8
Risk/Reward Ratio:
7:1
|
