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SUN MICROSYSTEMS INC
(SUNW-Nasdaq):
Technical Viewpoint: From a low
of $82 1/4 on Jul 6, 2000 prices
rallied, reaching a
high of $110.00
on Jul 26, 2000. A
decline saw prices pull back, reaching a
low of
$98.19 on Aug 3, 2000.
Another rally saw prices penetrate
resistance, closing 8/7/00
at $111 3/4. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 3, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $105 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 1, 2000. A P&F upside
reversal takes place at $106 1/2. Summary: Technical indicators have turned bullish. BUY! SUN MICROSYSTEMS INC
(SUNW-Nasdaq) @ $112 1/8 Stop: Use a protective stop of $109 1/4.
SUN MICROSYSTEMS INC is currently trading @ $111 3/4 plus $5 1/8 on Aug 7, 2000. Price Objective:
$139 1/2. Risk/Reward: $2 7/8 VS. $27 3/8. 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:
$139 1/2
Risk/Reward:
$2 7/8 VS. $27 3/8
Risk/Reward Ratio:
9:1
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