3COM CORP
(COMS-Nasdaq):
Technical Viewpoint: From a low
of $23.44 on Aug 25, 1999 prices
rallied, reaching a
high of $30.00
on Sep 22, 1999. A
decline saw prices pull back, reaching a
low of
$26.00 on Sep 23, 1999.
Another rally saw prices penetrate
resistance, closing 10/13/99
at $30 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 2, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.00. Resistance: Is at $32 3/8.
Point & Figure: Reversed to the upside on Oct 13, 1999. A P&F upside
reversal takes place at $29 1/2. Summary: Technical indicators have turned bullish. BUY! 3COM CORP
(COMS-Nasdaq) @ $31 1/8 Stop: Use a protective stop of $29 1/8.
3COM CORP is currently trading @ $30 1/4 plus $1 1/8 on Oct 13, 1999. Price Objective:
$44.00. Risk/Reward: $2.00 VS. $12 7/8. Today's Risk Reward Ratio: 6:1
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