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NEWBRIDGE NETWORKS
(NN-NYSE):
Technical Viewpoint: From a low
of $21.06 on Dec 23, 1999 prices
rallied, reaching a
high of $26.69
on Jan 12, 2000. A
decline saw prices pull back, reaching a
low of
$22 3/4 on Jan 25, 2000.
Another rally saw prices penetrate
resistance, closing 1/26/00
at $27.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 23, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.00. Resistance: Is at $29.00.
Point & Figure: Reversed to the upside on Jan 26, 2000. A P&F upside
reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! NEWBRIDGE NETWORKS
(NN-NYSE) @ $28 1/8 Stop: Use a protective stop of $26 1/8.
NEWBRIDGE NETWORKS is currently trading @ $27.81 plus $4.00 on Jan 26, 2000. Price Objective:
$41.00. Risk/Reward: $2.00 VS. $12 7/8. 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:
$41.00
Risk/Reward:
$2.00 VS. $12 7/8
Risk/Reward Ratio:
6:1
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