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CABLETRON SYSTEMS INC
(CS-NYSE):
Technical Viewpoint: From a low
of $11 7/8 on Jul 7, 1999 prices
rallied, reaching a
high of $15.00
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$11 1/8 on Aug 5, 1999.
Another rally saw prices penetrate
resistance, closing 8/30/99
at $16 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $14 1/8. Resistance: Is at $17 1/8.
Point & Figure: Reversed to the upside on Aug 12, 1999. A P&F upside
reversal takes place at $15.00. Summary: Technical indicators have turned bullish. BUY! CABLETRON SYSTEMS INC
(CS-NYSE) @ $16 5/8 Stop: Use a protective stop of $15 1/8.
CABLETRON SYSTEMS INC is currently trading @ $16 1/2 plus $1 1/8 on Aug 30, 1999. Price Objective:
$22.00. Risk/Reward: $1 1/2 VS. $5 3/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$22.00
Risk/Reward:
$1 1/2 VS. $5 3/8
Risk/Reward Ratio:
3:1
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