BUY! BROADCOM CORP (BRCM) Nasdaq

  Report No. 2025    Analysis by: Harry Aloof     JUNE 23, 2004

BROADCOM CORP (BRCM-Nasdaq): Technical Viewpoint: From a low of $36.51 on May 17, 2004 prices rallied, reaching a high of $43.98 on Jun 6, 2004. A decline saw prices pull back, reaching a low of $41.68 on Jun 14, 2004. Another rally saw prices penetrate resistance, closing 6/22/04 at $44.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 25, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $42.75. Resistance: Is at $45.00. Point & Figure: Reversed to the upside on Jun 28, 2004. A P&F upside reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP (BRCM-Nasdaq) @ $45.13 Stop: Use a protective stop of $43.13. BROADCOM CORP is currently trading @ $44.85 plus $2.20 on Jun 22, 2004. Price Objective: $59.50. Risk/Reward: $2.00 VS. $14.37. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$59.50 Risk/Reward:
$2.00 VS. $14.37 Risk/Reward Ratio:
7:1
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