POWERWAVE TECHNOLOGIES
(PWAV-Nasdaq):
Technical Viewpoint: From a low
of $30 3/8 on Oct 12, 2000 prices
rallied, reaching a
high of $51.91
on Oct 23, 2000. A
decline saw prices pull back, reaching a
low of
$41 1/4 on Oct 30, 2000.
Another rally saw prices penetrate
resistance, closing 10/31/00
at $48 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 19, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $51.00.
Point & Figure: Reversed to the upside on Oct 31, 2000. A P&F upside
reversal takes place at $43 1/2. Summary: Technical indicators have turned bullish. BUY! POWERWAVE TECHNOLOGIES
(PWAV-Nasdaq) @ $48 3/4 Stop: Use a protective stop of $46 1/8.
POWERWAVE TECHNOLOGIES is currently trading @ $48 1/8 plus $5.47 on Oct 31, 2000. Price Objective:
$67 1/2. Risk/Reward: $2 5/8 VS. $18 3/4. Today's Risk Reward Ratio: 7:1
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