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CABOT MICROELECTRONICS
(CCMP-Nasdaq):
Technical Viewpoint: From a low
of $54.26 on Oct 22, 2001 prices
rallied, reaching a
high of $74.92
on Nov 8, 2001. A
decline saw prices pull back, reaching a
low of
$66.15 on Nov 21, 2001.
Another rally saw prices penetrate
resistance, closing 12/11/01
at $78.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 25, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $73.50. Resistance: Is at $81.00.
Point & Figure: Reversed to the upside on Dec 11, 2001. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! CABOT MICROELECTRONICS
(CCMP-Nasdaq) @ $79.75 Stop: Use a protective stop of $76.75.
CABOT MICROELECTRONICS is currently trading @ $78.55 plus $3.39 on Dec 11, 2001. Price Objective:
$93.00. Risk/Reward: $3.00 VS. $13.25. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$93.00
Risk/Reward:
$3.00 VS. $13.25
Risk/Reward Ratio:
4:1
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