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EMULEX CORP
(EMLX-Nasdaq):
Technical Viewpoint: From a low
of $25.13 on Nov 20, 2002 prices
rallied, reaching a
high of $40.81
on Dec 12, 2002. A
decline saw prices pull back, reaching a
low of
$35.91 on Dec 17, 2002.
Another rally saw prices penetrate
resistance, closing 1/2/02
at $42.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 11, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.75. Resistance: Is at $42.44.
Point & Figure: Reversed to the upside on Dec 26, 2002. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! EMULEX CORP
(EMLX-Nasdaq) @ $42.38 Stop: Use a protective stop of $39.63.
EMULEX CORP is currently trading @ $42.06 plus $2.55 on Jan 2, 2002. Price Objective:
$61.00. Risk/Reward: $2.75 VS. $18.63. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.75 VS. $18.63
Risk/Reward Ratio:
7:1
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