PALMONE INC
(PLMO-Nasdaq):
Technical Viewpoint: From a low
of $34.50 on Jul 26, 2004 prices
rallied, reaching a
high of $41.93
on Aug 2, 2004. A
decline saw prices pull back, reaching a
low of
$36.50 on Aug 6, 2004.
Another rally saw prices penetrate
resistance, closing 8/10/04
at $39.72. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 10, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $37.25. Resistance: Is at $40.66.
Point & Figure: Reversed to the upside on Aug 10, 2004. A P&F upside
reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! PALMONE INC
(PLMO-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13.
PALMONE INC is currently trading @ $39.72 plus $2.58 on Aug 10, 2004. Price Objective:
$50.00. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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