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SYNOPSYS INC
(SNPS-Nasdaq):
Technical Viewpoint: From a low
of $50.13 on Feb 9, 2001 prices
rallied, reaching a
high of $54.00
on Feb 15, 2001. A
decline saw prices pull back, reaching a
low of
$48.38 on Feb 21, 2001.
Another rally saw prices penetrate
resistance, closing 2/26/01
at $57.63. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 26, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $49.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 26, 2001. A P&F upside
reversal takes place at $52.50. Summary: Technical indicators have turned bullish. BUY! SYNOPSYS INC
(SNPS-Nasdaq) @ $57.87 Stop: Use a protective stop of $54.87.
SYNOPSYS INC is currently trading @ $57.63 plus $4.75 on Feb 26, 2001. Price Objective:
$67.50. Risk/Reward: $3.00 VS. $9.63. 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:
$67.50
Risk/Reward:
$3.00 VS. $9.63
Risk/Reward Ratio:
3:1
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