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PALM INC
(PALM-Nasdaq):
Technical Viewpoint: From a low
of $32 3/4 on Jul 28, 2000 prices
rallied, reaching a
high of $40.00
on Aug 2, 2000. A
decline saw prices pull back, reaching a
low of
$32 1/8 on Aug 14, 2000.
Another rally saw prices penetrate
resistance, closing 9/7/00
at $45.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 24, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $40 1/2. Resistance: Is at $46 3/8.
Point & Figure: Reversed to the upside on Sep 7, 2000. A P&F upside
reversal takes place at $42 3/4. Summary: Technical indicators have turned bullish. BUY! PALM INC
(PALM-Nasdaq) @ $45 5/8 Stop: Use a protective stop of $43 1/8.
PALM INC is currently trading @ $45.00 plus $3.56 on Sep 7, 2000. Price Objective:
$54.00. Risk/Reward: $2 1/2 VS. $8 3/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.00
Risk/Reward:
$2 1/2 VS. $8 3/8
Risk/Reward Ratio:
3:1
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