|
NEWPORT CORP
(NEWP-Nasdaq):
Technical Viewpoint: From a low
of $24 7/8 on Dec 1, 1999 prices
rallied, reaching a
high of $46.06
on Dec 21, 1999. A
decline saw prices pull back, reaching a
low of
$39.31 on Dec 28, 1999.
Another rally saw prices penetrate
resistance, closing 1/4/00
at $49 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 22, 1999 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 Jan 4, 2000. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! NEWPORT CORP
(NEWP-Nasdaq) @ $50 1/8 Stop: Use a protective stop of $47 1/4.
NEWPORT CORP is currently trading @ $49 5/8 plus $6.69 on Jan 4, 2000. Price Objective:
$63.00. Risk/Reward: $2 7/8 VS. $13 3/8. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.00
Risk/Reward:
$2 7/8 VS. $13 3/8
Risk/Reward Ratio:
4:1
|
