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