QLOGIC CORP
(QLGC-Nasdaq):
Technical Viewpoint: From a low
of $35.14 on Dec 9, 2004 prices
rallied, reaching a
high of $37.40
on Dec 16, 2004. A
decline saw prices pull back, reaching a
low of
$34.72 on Dec 27, 2004.
Another rally saw prices penetrate
resistance, closing 12/31/04
at $36.73. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 29, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.50. Resistance: Is at $33.50.
Point & Figure: Reversed to the upside on Nov 16, 2004. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP
(QLGC-Nasdaq) @ $37.13 Stop: Use a protective stop of $35.13.
QLOGIC CORP is currently trading @ $36.73 plus $0.93 on Dec 31, 2004. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $12.37. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $12.37
Risk/Reward Ratio:
6:1
|