GADZOOX NETWORKS
(ZOOX-Nasdaq):
Technical Viewpoint: From a low
of $41.00 on Jan 7, 2000 prices
rallied, reaching a
high of $51.94
on Jan 13, 2000. A
decline saw prices pull back, reaching a
low of
$35.69 on Feb 1, 2000.
Another rally saw prices penetrate
resistance, closing 2/28/00
at $65.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 18, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47 1/2. Resistance: Is at $75.00.
Point & Figure: Reversed to the upside on Feb 25, 2000. A P&F upside
reversal takes place at $57 1/2. Summary: Technical indicators have turned bullish. BUY! GADZOOX NETWORKS
(ZOOX-Nasdaq) @ $66 1/8 Stop: Use a protective stop of $63 1/4.
GADZOOX NETWORKS is currently trading @ $65.00 plus $8.00 on Feb 28, 2000. Price Objective:
$99.00. Risk/Reward: $2 7/8 VS. $32 7/8. Today's Risk Reward Ratio: 11:1
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