3COM CORP
(COMS-Nasdaq):
Technical Viewpoint: From a low
of $38 1/8 on Nov 30, 1999 prices
rallied, reaching a
high of $53 3/4
on Dec 21, 1999. A
decline saw prices pull back, reaching a
low of
$43.00 on Jan 5, 2000.
Another rally saw prices penetrate
resistance, closing 1/31/00
at $50 3/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 31, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $46.00. Resistance: Is at $53.00.
Point & Figure: Reversed to the upside on Jan 27, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! 3COM CORP
(COMS-Nasdaq) @ $51 1/8 Stop: Use a protective stop of $48 3/8.
3COM CORP is currently trading @ $50 3/4 plus $4.19 on Jan 31, 2000. Price Objective:
$60.00. Risk/Reward: $2 3/4 VS. $8 7/8. Today's Risk Reward Ratio: 3:1
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