MACROMEDIA INC
(MACR-Nasdaq):
Technical Viewpoint: From a low
of $51.00 on Oct 13, 1999 prices
rallied, reaching a
high of $65.00
on Oct 29, 1999. A
decline saw prices pull back, reaching a
low of
$54 1/8 on Nov 12, 1999.
Another rally saw prices penetrate
resistance, closing 11/18/99
at $67 1/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 12, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $58 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 15, 1999. A P&F upside
reversal takes place at $63 3/4. Summary: Technical indicators have turned bullish. BUY! MACROMEDIA INC
(MACR-Nasdaq) @ $67 5/8 Stop: Use a protective stop of $64 3/4.
MACROMEDIA INC is currently trading @ $67 1/4 plus $9 3/8 on Nov 18, 1999. Price Objective:
$88.00. Risk/Reward: $2 7/8 VS. $20 3/8. 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:
$88.00
Risk/Reward:
$2 7/8 VS. $20 3/8
Risk/Reward Ratio:
7:1
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