BLUE COAT SYSTEMS INC
(BCSI-Nasdaq):
Technical Viewpoint: From a low
of $39.16 on Sep 23, 2005 prices
rallied, reaching a
high of $44.75
on Oct 3, 2005. A
decline saw prices pull back, reaching a
low of
$38.67 on Oct 6, 2005.
Another rally saw prices penetrate
resistance, closing 10/21/05
at $45.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 20, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 21, 2005. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! BLUE COAT SYSTEMS INC
(BCSI-Nasdaq) @ $46.50 Stop: Use a protective stop of $44.50.
BLUE COAT SYSTEMS INC is currently trading @ $45.43 plus $3.04 on Oct 21, 2005. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $13.00. Today's Risk Reward Ratio: 6:1
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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. $13.00
Risk/Reward Ratio:
6:1
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