BUY! BROADCOMM CORP (BRCM) Nasdaq

  Report No. 1406    Analysis by: Harry Aloof     NOVEMBER 27, 2001

BROADCOMM CORP (BRCM-Nasdaq): Technical Viewpoint: From a low of $32.16 on Oct 30, 2001 prices rallied, reaching a high of $47.61 on Nov 19, 2001. A decline saw prices pull back, reaching a low of $43.55 on Nov 21, 2001. Another rally saw prices penetrate resistance, closing 11/26/01 at $49.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 18, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $45.50. Resistance: Is at $52.25. Point & Figure: Reversed to the upside on Nov 26, 2001. A P&F upside reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! BROADCOMM CORP (BRCM-Nasdaq) @ $50.13 Stop: Use a protective stop of $47.25. BROADCOMM CORP is currently trading @ $49.99 plus $3.54 on Nov 26, 2001. Price Objective: $60.00. Risk/Reward: $2.88 VS. $9.88. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$60.00 Risk/Reward:
$2.88 VS. $9.88 Risk/Reward Ratio:
3:1
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