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C-CUBE MICROSYSTEMS
(CUBE-Nasdaq):
Technical Viewpoint: From a low
of $18 1/2 on Apr 7, 1999 prices
rallied, reaching a
high of $29 5/8
on May 17, 1999. A
decline saw prices pull back, reaching a
low of
$23 3/4 on May 24, 1999.
Another rally saw prices penetrate
resistance, closing 6/11/99
at $31.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 20, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29 1/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 7, 1999. A P&F upside
reversal takes place at $30 1/2. Summary: Technical indicators have turned bullish. BUY! C-CUBE MICROSYSTEMS
(CUBE-Nasdaq) @ $32 3/8 Stop: Use a protective stop of $29 7/8.
C-CUBE MICROSYSTEMS is currently trading @ $31.94 plus $3 1/2 on Jun 11, 1999. Price Objective:
$48.00. Risk/Reward: $2 1/2 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:
$48.00
Risk/Reward:
$2 1/2 VS. $15 5/8
Risk/Reward Ratio:
6:1
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