VIRATA CORP
(VRTA-Nasdaq):
Technical Viewpoint: From a low
of $30 1/2 on May 24, 2000 prices
rallied, reaching a
high of $57.81
on Jun 5, 2000. A
decline saw prices pull back, reaching a
low of
$42.00 on Jun 19, 2000.
Another rally saw prices penetrate
resistance, closing 7/11/00
at $66 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.00. Resistance: Is at $72.00.
Point & Figure: Reversed to the upside on Jul 10, 2000. A P&F upside
reversal takes place at $61 1/2. Summary: Technical indicators have turned bullish. BUY! VIRATA CORP
(VRTA-Nasdaq) @ $67 1/8 Stop: Use a protective stop of $64 3/8.
VIRATA CORP is currently trading @ $66 3/4 plus $8 1/4 on Jul 11, 2000. Price Objective:
$92.00. Risk/Reward: $2 3/4 VS. $24 7/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$92.00
Risk/Reward:
$2 3/4 VS. $24 7/8
Risk/Reward Ratio:
9:1
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