AVID TECHNOLOGY INC
(AVID-Nasdaq):
Technical Viewpoint: From a low
of $15.95 on Nov 7, 2002 prices
rallied, reaching a
high of $20.15
on Dec 2, 2002. A
decline saw prices pull back, reaching a
low of
$18.24 on Dec 6, 2002.
Another rally saw prices penetrate
resistance, closing 12/17/02
at $21.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.00. Resistance: Is at $22.50.
Point & Figure: Reversed to the upside on Dec 17, 2002. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! AVID TECHNOLOGY INC
(AVID-Nasdaq) @ $21.50 Stop: Use a protective stop of $20.13.
AVID TECHNOLOGY INC is currently trading @ $21.36 plus $1.95 on Dec 17, 2002. Price Objective:
$31.00. Risk/Reward: $1.38 VS. $9.50. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$31.00
Risk/Reward:
$1.38 VS. $9.50
Risk/Reward Ratio:
7:1
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