MOTOROLA INC
(MOT-NYSE):
Technical Viewpoint: From a low
of $15.81 on Dec 7, 2000 prices
rallied, reaching a
high of $22.00
on Dec 11, 2000. A
decline saw prices pull back, reaching a
low of
$17 1/4 on Dec 21, 2000.
Another rally saw prices penetrate
resistance, closing 1/3/01
at $24.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.69. Resistance: Is at $26 1/4.
Point & Figure: Reversed to the upside on Dec 26, 2001. A P&F upside
reversal takes place at $21 3/4. Summary: Technical indicators have turned bullish. BUY! MOTOROLA INC
(MOT-NYSE) @ $24 1/2 Stop: Use a protective stop of $22 1/2.
MOTOROLA INC is currently trading @ $24.31 plus $4.06 on Jan 3, 2001. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $9 1/2. Today's Risk Reward Ratio: 5:1
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