NATIONAL SEMICONDUCTOR
(NSM-NYSE):
Technical Viewpoint: From a low
of $25.20 on Feb 7, 2002 prices
rallied, reaching a
high of $29.10
on Feb 14, 2002. A
decline saw prices pull back, reaching a
low of
$24.93 on Feb 28, 2002.
Another rally saw prices penetrate
resistance, closing 3/7/02
at $32.96. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 5, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.50. Resistance: Is at $34.90.
Point & Figure: Reversed to the upside on Mar 7, 2002. A P&F upside
reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR
(NSM-NYSE) @ $33.25 Stop: Use a protective stop of $30.75.
NATIONAL SEMICONDUCTOR is currently trading @ $32.96 plus $1.14 on Mar 7, 2002. Price Objective:
$43.00. Risk/Reward: $2.50 VS. $9.75. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|