BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $204.00 on Aug 3, 2000 prices
rallied, reaching a
high of $248 3/4
on Aug 8, 2000. A
decline saw prices pull back, reaching a
low of
$218 1/4 on Aug 11, 2000.
Another rally saw prices penetrate
resistance, closing 8/18/00
at $258 1/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 18, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $245.00. Resistance: Is at $261 5/8.
Point & Figure: Reversed to the upside on Aug 14, 2000. A P&F upside
reversal takes place at $244.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP
(BRCM-Nasdaq) @ $260 1/8 Stop: Use a protective stop of $256 7/8.
BROADCOM CORP is currently trading @ $258 1/8 plus $10 5/8 on Aug 18, 2000. Price Objective:
$325.00. Risk/Reward: $3 1/4 VS. $64 7/8. Today's Risk Reward Ratio: 20:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$325.00
Risk/Reward:
$3 1/4 VS. $64 7/8
Risk/Reward Ratio:
20:1
|