CONEXANT SYSTEMS
(CNXT-Nasdaq):
Technical Viewpoint: From a low
of $20.44 on Oct 26, 2000 prices
rallied, reaching a
high of $33 1/2
on Nov 15, 2000. A
decline saw prices pull back, reaching a
low of
$19 5/8 on Nov 30, 2000.
Another rally saw prices penetrate
resistance, closing 12/12/00
at $32 1/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 6, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.00. Resistance: Is at $36 1/4.
Point & Figure: Reversed to the upside on Dec 8, 2000. A P&F upside
reversal takes place at $28 3/4. Summary: Technical indicators have turned bullish. BUY! CONEXANT SYSTEMS
(CNXT-Nasdaq) @ $33 1/8 Stop: Use a protective stop of $30 5/8.
CONEXANT SYSTEMS is currently trading @ $32 1/8 plus $3.44 on Dec 11, 2000. Price Objective:
$46 1/4. Risk/Reward: $2 1/2 VS. $13 1/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$46 1/4
Risk/Reward:
$2 1/2 VS. $13 1/8
Risk/Reward Ratio:
5:1
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