POLYCOM INC
(PLCM-Nasdaq):
Technical Viewpoint: From a low
of $17.90 on Aug 21, 2001 prices
rallied, reaching a
high of $23.44
on Aug 28, 2001. A
decline saw prices pull back, reaching a
low of
$17.91 on Sep 6, 2001.
Another rally saw prices penetrate
resistance, closing 9/21/01
at $27.38. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 19, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.00. Resistance: Is at $28.00.
Point & Figure: Reversed to the upside on Sep 21, 2001. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! POLYCOM INC
(PLCM-Nasdaq) @ $27.62 Stop: Use a protective stop of $25.62.
POLYCOM INC is currently trading @ $27.38 plus $3.10 on Sep 21, 2001. Price Objective:
$37.00. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.00
Risk/Reward:
$2.00 VS. $9.38
Risk/Reward Ratio:
5:1
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