CYPRESS SEMICONDUCTOR
(CY-NYSE):
Technical Viewpoint: From a low
of $10.56 on May 26, 1999 prices
rallied, reaching a
high of $17.00
on Jun 21, 1999. A
decline saw prices pull back, reaching a
low of
$15.19 on Jun 25, 1999.
Another rally saw prices penetrate
resistance, closing 7/1/99
at $18.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jun 30, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $15 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 30, 1999. A P&F upside
reversal takes place at $16 1/2. Summary: Technical indicators have turned bullish. BUY! CYPRESS SEMICONDUCTOR
(CY-NYSE) @ $18 1/8 Stop: Use a protective stop of $16 1/2.
CYPRESS SEMICONDUCTOR is currently trading @ $18.00 plus $7/8 on Jul 1, 1999. Price Objective:
$24.00. Risk/Reward: $1 5/8 VS. $5 7/8. Today's Risk Reward Ratio: 3:1
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