NOVATEL WIRELESS INC
(NVTL-Nasdaq):
Technical Viewpoint: From a low
of $18.93 on Sep 9, 2004 prices
rallied, reaching a
high of $23.46
on Sep 13, 2004. A
decline saw prices pull back, reaching a
low of
$21.82 on Sep 20, 2004.
Another rally saw prices penetrate
resistance, closing 9/24/04
at $24.27. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 10, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $22.13. Resistance: Is at $26.75.
Point & Figure: Reversed to the upside on Sep 10, 2004. A P&F upside
reversal takes place at $21.75. Summary: Technical indicators have turned bullish. BUY! NOVATEL WIRELESS INC
(NVTL-Nasdaq) @ $24.38 Stop: Use a protective stop of $22.38.
NOVATEL WIRELESS INC is currently trading @ $24.27 plus $1.57 on Sep 24, 2004. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $13.12. Today's Risk Reward Ratio: 6:1
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