APPLIED MICRO CIRCUITS
(AMCC-Nasdaq):
Technical Viewpoint: From a low
of $45 7/8 on Nov 30, 2000 prices
rallied, reaching a
high of $75 3/8
on Dec 12, 2000. A
decline saw prices pull back, reaching a
low of
$52.19 on Dec 21, 2000.
Another rally saw prices penetrate
resistance, closing 12/27/00
at $73.59. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 27, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.00. Resistance: Is at $75.00.
Point & Figure: Reversed to the upside on Dec 22, 2000. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! Applied Micro Circuits
(AMCC-Nasdaq) @ $75 1/8 Stop: Use a protective stop of $72 1/4.
Applied Micro Circuits is currently trading @ $73.59 plus $8.03 on Dec 27, 2000. Price Objective:
$109 1/2. Risk/Reward: $2 7/8 VS. $34 3/8. Today's Risk Reward Ratio: 12:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$109 1/2
Risk/Reward:
$2 7/8 VS. $34 3/8
Risk/Reward Ratio:
12:1
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