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BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $81 7/8 on May 26, 1999 prices
rallied, reaching a
high of $149 1/2
on Jul 12, 1999. A
decline saw prices pull back, reaching a
low of
$101 1/2 on Aug 5, 1999.
Another rally saw prices penetrate
resistance, closing 8/24/99
at $132.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 16, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $122 1/2. Resistance: Is at $141.00.
Point & Figure: Reversed to the upside on Aug 12, 1999. A P&F upside
reversal takes place at $123.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP
(BRCM-Nasdaq) @ $134 1/2 Stop: Use a protective stop of $131 1/2.
BROADCOM CORP is currently trading @ $132.00 plus $2.44 on Aug 24, 1999. Price Objective:
$154.00. Risk/Reward: $3.00 VS. $19 1/2. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$154.00
Risk/Reward:
$3.00 VS. $19 1/2
Risk/Reward Ratio:
6:1
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