COPPER MOUNTAIN
(CMTN-Nasdaq):
Technical Viewpoint: From a low
of $38 5/8 on Dec 28, 1999 prices
rallied, reaching a
high of $61.00
on Jan 24, 2000. A
decline saw prices pull back, reaching a
low of
$49 3/4 on Jan 31, 2000.
Another rally saw prices penetrate
resistance, closing 2/16/00
at $79.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 30, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $68.00. Resistance: Is at $82 1/4.
Point & Figure: Reversed to the upside on Feb 16, 2000. A P&F upside
reversal takes place at $74.00. Summary: Technical indicators have turned bullish. BUY! COPPER MOUNTAIN
(CMTN-Nasdaq) @ $80 3/8 Stop: Use a protective stop of $77 1/2.
COPPER MOUNTAIN is currently trading @ $79.06 plus $6.81 on Feb 16, 2000. Price Objective:
$98.00. Risk/Reward: $3 1/8 VS. $17 5/8. Today's Risk Reward Ratio: 5:1
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