TELLABS INC
(TLAB-Nasdaq):
Technical Viewpoint: From a low
of $43 7/8 on Sep 27, 2000 prices
rallied, reaching a
high of $50 7/8
on Oct 5, 2000. A
decline saw prices pull back, reaching a
low of
$40 5/8 on Oct 25, 2000.
Another rally saw prices penetrate
resistance, closing 11/9/00
at $55.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 2, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $46 1/2. Resistance: Is at $58 1/2.
Point & Figure: Reversed to the upside on Oct 27, 2000. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! TELLABS INC
(TLAB-Nasdaq) @ $56 1/8 Stop: Use a protective stop of $53 3/8.
TELLABS INC is currently trading @ $55.56 plus $2.31 on Nov 9, 2000. Price Objective:
$74.00. Risk/Reward: $2 3/4 VS. $17 7/8. Today's Risk Reward Ratio: 6:1
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