QLOGIC CORP
(QLGC-Nasdaq):
Technical Viewpoint: From a low
of $38.88 on Apr 25, 2003 prices
rallied, reaching a
high of $48.00
on May 13, 2003. A
decline saw prices pull back, reaching a
low of
$43.56 on May 21, 2003.
Another rally saw prices penetrate
resistance, closing 5/29/03
at $49.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 12, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.00. Resistance: Is at $52.60.
Point & Figure: Reversed to the upside on May 27, 2003. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP
(QLGC-Nasdaq) @ $49.88 Stop: Use a protective stop of $47.88.
QLOGIC CORP is currently trading @ $49.36 plus $1.52 on May 29, 2003. Price Objective:
$66.00. Risk/Reward: $2.00 VS. $16.12. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$66.00
Risk/Reward:
$2.00 VS. $16.12
Risk/Reward Ratio:
8:1
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