HUTCHINSON TECHNOL
(HTCH-Nasdaq):
Technical Viewpoint: From a low
of $30.56 on Dec 17, 1998 prices
rallied, reaching a
high of $48 1/8
on Jan 13, 1999. A
decline saw prices pull back, reaching a
low of
$40 1/2 on Feb 1, 1999.
Another rally saw prices penetrate
resistance, closing 2/1/99
at $49 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 29, 1999. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! HUTCHINSON TECHNOL
(HTCH-Nasdaq) @ $51 3/8 Stop: Use a protective stop of $48 3/4.
HUTCHINSON TECHNOL is currently trading @ $49 7/8 plus $3 3/4 on Feb 1, 1999. Price Objective:
$67.00. Risk/Reward: $2 5/8 VS. $15 5/8. 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 5/8 VS. $15 5/8
Risk/Reward Ratio:
6:1
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