SIGMATEL INC
(SGTL-Nasdaq):
Technical Viewpoint: From a low
of $17.79 on Mar 22, 2004 prices
rallied, reaching a
high of $27.50
on Apr 23, 2004. A
decline saw prices pull back, reaching a
low of
$23.07 on May 17, 2004.
Another rally saw prices penetrate
resistance, closing 6/24/04
at $28.35. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 28, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.00. Resistance: Is at $30.95.
Point & Figure: Reversed to the upside on Jun 10, 2004. A P&F upside
reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! SIGMATEL INC
(SGTL-Nasdaq) @ $28.88 Stop: Use a protective stop of $26.88.
SIGMATEL INC is currently trading @ $28.35 plus $1.30 on Jun 24, 2004. Price Objective:
$40.50. Risk/Reward: $2.00 VS. $11.62. Today's Risk Reward Ratio: 6:1
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