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GEMSTAR INT'L GR LTD
(GMST-Nasdaq):
Technical Viewpoint: From a low
of $33 1/2 on May 26, 2000 prices
rallied, reaching a
high of $59.03
on Jun 6, 2000. A
decline saw prices pull back, reaching a
low of
$45 1/4 on Jun 23, 2000.
Another rally saw prices penetrate
resistance, closing 6/29/00
at $62 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 29, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48 1/2. Resistance: Is at $69 7/8.
Point & Figure: Reversed to the upside on Jun 28, 2000. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! GEMSTAR INT'L GR LTD
(GMST-Nasdaq) @ $64 1/4 Stop: Use a protective stop of $61 1/2.
GEMSTAR INT'L GR LTD is currently trading @ $62 7/8 plus $8 1/2 on Jun 29, 2000. Price Objective:
$88.00. Risk/Reward: $2 3/4 VS. $23 3/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$88.00
Risk/Reward:
$2 3/4 VS. $23 3/4
Risk/Reward Ratio:
8:1
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