SEQUANS COMMUNICATIONS
(SQNS-NYSE):
Technical Viewpoint: From a low
of $8.84 on May 4, 2011 prices
rallied, reaching a
high of $10.71
on May 10, 2011. A
decline saw prices pull back, reaching a
low of
$8.40 on May 19, 2011.
Another rally saw prices penetrate
resistance, closing 5/27/11
at $15.30. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on May 20, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $14.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 23, 2011. A P&F upside
reversal takes place at $14.00. Summary: Technical indicators have turned bullish. BUY! SEQUANS COMMUNICATIONS
(SQNS-NYSE) @ $15.63 Stop: Use a protective stop of $14.13.
SEQUANS COMMUNICATIONS is currently trading @ $15.30 plus $1.63 on May 27, 2011. Price Objective:
$25.00. Risk/Reward: $1.50 VS. $9.38. 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:
$25.00
Risk/Reward:
$1.50 VS. $9.38
Risk/Reward Ratio:
6:1
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