3COM CORP
(COMS-Nasdaq):
Technical Viewpoint: From a low
of $35 5/8 on May 24, 2000 prices
rallied, reaching a
high of $51 1/2
on Jun 22, 2000. A
decline saw prices pull back, reaching a
low of
$46.31 on Jun 28, 2000.
Another rally saw prices penetrate
resistance, closing 7/12/00
at $64 7/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 30, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $50.00. Resistance: Is at $70 1/2.
Point & Figure: Reversed to the upside on Jun 29, 2000. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! 3COM CORP
(COMS-Nasdaq) @ $66 1/8 Stop: Use a protective stop of $63 1/4.
3COM CORP is currently trading @ $64 7/8 plus $8 1/8 on Jul 12, 2000. Price Objective:
$82.00. Risk/Reward: $2 7/8 VS. $15 7/8. Today's Risk Reward Ratio: 5:1
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