INTEGRATED DEVICE
(IDTI-Nasdaq):
Technical Viewpoint: From a low
of $23 1/2 on Dec 15, 1999 prices
rallied, reaching a
high of $30.00
on Dec 27, 1999. A
decline saw prices pull back, reaching a
low of
$24 7/8 on Jan 4, 2000.
Another rally saw prices penetrate
resistance, closing 1/12/00
at $31.97. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 3, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 7, 2000. A P&F upside
reversal takes place at $29 1/4. Summary: Technical indicators have turned bullish. BUY! INTEGRATED DEVICE
(IDTI-Nasdaq) @ $32 1/4 Stop: Use a protective stop of $29 7/8.
INTEGRATED DEVICE is currently trading @ $31.97 plus $2.97 on Jan 12, 2000. Price Objective:
$49 1/2. Risk/Reward: $2 3/8 VS. $17 1/4. Today's Risk Reward Ratio: 7:1
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