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SYMBOL TECHNOLOGY
(SBL-NYSE):
Technical Viewpoint: From a low
of $40.76 on Feb 9, 2001 prices
rallied, reaching a
high of $49.64
on Feb 15, 2001. A
decline saw prices pull back, reaching a
low of
$39.85 on Feb 27, 2001.
Another rally saw prices penetrate
resistance, closing 3/5/01
at $51.71. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 17, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 2, 2001. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! SYMBOL TECHNOLOGY
(SBL-NYSE) @ $52.12 Stop: Use a protective stop of $49.50.
SYMBOL TECHNOLOGY is currently trading @ $51.71 plus $5.71 on Mar 5, 2001. Price Objective:
$67.00. Risk/Reward: $2.62 VS. $14.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2.62 VS. $14.88
Risk/Reward Ratio:
6:1
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