NATIONAL SEMICONDUCTOR
(NSM-NYSE):
Technical Viewpoint: From a low
of $36.09 on Oct 24, 2003 prices
rallied, reaching a
high of $44.60
on Nov 7, 2003. A
decline saw prices pull back, reaching a
low of
$39.00 on Nov 17, 2003.
Another rally saw prices penetrate
resistance, closing 11/24/03
at $42.42. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 24, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $39.75. Resistance: Is at $43.78.
Point & Figure: Reversed to the upside on Nov 24, 2003. A P&F upside
reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR
(NSM-NYSE) @ $42.50 Stop: Use a protective stop of $40.50.
NATIONAL SEMICONDUCTOR is currently trading @ $42.42 plus $2.52 on Nov 24, 2003. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.00
Risk/Reward:
$2.00 VS. $8.50
Risk/Reward Ratio:
4:1
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