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MICROSOFT CORP
(MSFT-Nasdaq):
Technical Viewpoint: From a low
of $67.25 on May 18, 2001 prices
rallied, reaching a
high of $71.90
on May 25, 2001. A
decline saw prices pull back, reaching a
low of
$68.40 on May 31, 2001.
Another rally saw prices penetrate
resistance, closing 6/5/01
at $72.60. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 31, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $70.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 23, 2001. A P&F upside
reversal takes place at $70.00. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CORP
(MSFT-Nasdaq) @ $73.12 Stop: Use a protective stop of $70.75.
MICROSOFT CORP is currently trading @ $72.60 plus $1.82 on Jun 5, 2001. Price Objective:
$94.00. Risk/Reward: $2.38 VS. $20.88. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$94.00
Risk/Reward:
$2.38 VS. $20.88
Risk/Reward Ratio:
9:1
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