SIERRA WIRELESS INC
(SWIR-Nasdaq):
Technical Viewpoint: From a low
of $15.36 on Jan 2, 2004 prices
rallied, reaching a
high of $29.70
on Feb 18, 2004. A
decline saw prices pull back, reaching a
low of
$24.34 on Feb 24, 2004.
Another rally saw prices penetrate
resistance, closing 3/5/04
at $31.28. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 5, 2004. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! SIERRA WIRELESS INC
(SWIR-Nasdaq) @ $31.50 Stop: Use a protective stop of $29.50.
SIERRA WIRELESS INC is currently trading @ $31.28 plus $3.23 on Mar 5, 2004. Price Objective:
$40.50. Risk/Reward: $2.00 VS. $9.00. Today's Risk Reward Ratio: 4:1
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