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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $14.37
Risk/Reward Ratio:
7:1
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