BROCADE COMMUNICATIONS
(BRCD-Nasdaq):
Technical Viewpoint: From a low
of $162 1/4 on Aug 3, 2000 prices
rallied, reaching a
high of $231.00
on Sep 1, 2000. A
decline saw prices pull back, reaching a
low of
$205.00 on Sep 13, 2000.
Another rally saw prices penetrate
resistance, closing 9/22/00
at $253.91. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $227.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 20, 2000. A P&F upside
reversal takes place at $243.00. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUNICATIONS
(BRCD-Nasdaq) @ $254 1/8 Stop: Use a protective stop of $250 7/8.
BROCADE COMMUNICATIONS is currently trading @ $253.91 plus $20.91 on Sep 22, 2000. Price Objective:
$288.00. Risk/Reward: $3 1/4 VS. $33 7/8. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$288.00
Risk/Reward:
$3 1/4 VS. $33 7/8
Risk/Reward Ratio:
10:1
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