PALM INCORPORATED
(PALM-Nasdaq):
Technical Viewpoint: From a low
of $28 5/8 on Jul 11, 2000 prices
rallied, reaching a
high of $46 3/8
on Jul 14, 2000. A
decline saw prices pull back, reaching a
low of
$32 3/4 on Jul 28, 2000.
Another rally saw prices penetrate
resistance, closing 7/31/00
at $39.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 25, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $32 1/2. Resistance: Is at $40.00.
Point & Figure: Reversed to the upside on Jul 31, 2000. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! PALM INCORPORATED
(PALM-Nasdaq) @ $39 1/4 Stop: Use a protective stop of $36 3/4.
PALM INCORPORATED is currently trading @ $39.00 plus $1 3/3 on Jul 31, 2000. Price Objective:
$50.00. Risk/Reward: $2 1/2 VS. $10 3/4. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|