NATIONAL SEMICONDUCTOR
(NSM-NYSE):
Technical Viewpoint: From a low
of $21.78 on Aug 8, 2003 prices
rallied, reaching a
high of $29.60
on Aug 22, 2003. A
decline saw prices pull back, reaching a
low of
$26.10 on Aug 26, 2003.
Another rally saw prices penetrate
resistance, closing 9/4/03
at $31.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 1, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.50. Resistance: Is at $34.25.
Point & Figure: Reversed to the upside on Sep 4, 2003. A P&F upside
reversal takes place at $30.50. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR
(NSM-NYSE) @ $32.13 Stop: Use a protective stop of $30.13.
NATIONAL SEMICONDUCTOR is currently trading @ $31.99 plus $3.17 on Sep 4, 2003. Price Objective:
$43.00. Risk/Reward: $2.00 VS. $10.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$43.00
Risk/Reward:
$2.00 VS. $10.88
Risk/Reward Ratio:
5:1
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