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BROCADE COMMUNICATIONS
(BRCD-Nasdaq):
Technical Viewpoint: From a low
of $12.63 on Oct 1, 2001 prices
rallied, reaching a
high of $26.00
on Oct 12, 2001. A
decline saw prices pull back, reaching a
low of
$20.11 on Oct 18, 2001.
Another rally saw prices penetrate
resistance, closing 10/24/01
at $27.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.50. Resistance: Is at $35.75.
Point & Figure: Reversed to the upside on Oct 19, 2001. A P&F upside
reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUNICATIONS
(BRCD-Nasdaq) @ $27.50 Stop: Use a protective stop of $25.50.
BROCADE COMMUNICATIONS is currently trading @ $27.10 plus $3.00 on Oct 24, 2001. Price Objective:
$40.00. Risk/Reward: $2.00 VS. $12.50. 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:
$40.00
Risk/Reward:
$2.00 VS. $12.50
Risk/Reward Ratio:
6:1
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