AVOCENT CORPORATION
(AVCT-Nasdaq):
Technical Viewpoint: From a low
of $18.17 on May 23, 2008 prices
rallied, reaching a
high of $21.08
on Jun 5, 2008. A
decline saw prices pull back, reaching a
low of
$18.18 on Jun 27, 2008.
Another rally saw prices penetrate
resistance, closing 7/3/08
at $23.19. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 3, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 2, 2008. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! AVOCENT CORPORATION
(AVCT-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50.
AVOCENT CORPORATION is currently trading @ $23.19 plus $1.41 on Jul 3, 2008. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $16.00. Today's Risk Reward Ratio: 8:1
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