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SONUS NETWORKS INC
(SONS-Nasdaq):
Technical Viewpoint: From a low
of $23 5/8 on Nov 21, 2000 prices
rallied, reaching a
high of $38 1/2
on Dec 11, 2000. A
decline saw prices pull back, reaching a
low of
$18 1/2 on Dec 18, 2001.
Another rally saw prices penetrate
resistance, closing 1/17/01
at $31 7/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jan 8, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $26 1/4. Resistance: Is at $38 1/2.
Point & Figure: Reversed to the upside on Jan 17, 2001. A P&F upside
reversal takes place at $28 3/4. Summary: Technical indicators have turned bullish. BUY! SONUS NETWORKS INC
(SONS-Nasdaq) @ $32 7/8 Stop: Use a protective stop of $30 3/8.
SONUS NETWORKS INC is currently trading @ $31 7/8 plus $4.94 on Jan 17, 2001. Price Objective:
$43.00. Risk/Reward: $2 1/2 VS. $10 1/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$43.00
Risk/Reward:
$2 1/2 VS. $10 1/8
Risk/Reward Ratio:
4:1
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