QLOGIC CORP
(QLGC-Nasdaq):
Technical Viewpoint: From a low
of $17.30 on Oct 3, 2001 prices
rallied, reaching a
high of $44.50
on Oct 25, 2001. A
decline saw prices pull back, reaching a
low of
$37.81 on Oct 30, 2001.
Another rally saw prices penetrate
resistance, closing 11/5/01
at $44.63. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 12, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.50. Resistance: Is at $46.20.
Point & Figure: Reversed to the upside on Nov 5, 2001. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! Qlogic Corp
(QLGC-Nasdaq) @ $45.25 Stop: Use a protective stop of $42.50.
Qlogic Corp is currently trading @ $44.63 plus $3.79 on Nov 1, 2001. Price Objective:
$60.00. Risk/Reward: $2.75 VS. $14.75. 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:
$60.00
Risk/Reward:
$2.75 VS. $14.75
Risk/Reward Ratio:
5:1
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