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COPPER MOUNTAIN
(CMTN-Nasdaq):
Technical Viewpoint: From a low
of $38 5/8 on Dec 28, 1999 prices
rallied, reaching a
high of $58 1/4
on Jan 5, 2000. A
decline saw prices pull back, reaching a
low of
$48 3/4 on Jan 18, 2000.
Another rally saw prices penetrate
resistance, closing 2/2/00
at $66.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 31, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57 1/2. Resistance: Is at $67 1/2.
Point & Figure: Reversed to the upside on Feb 1, 2000. A P&F upside
reversal takes place at $61 1/2. Summary: Technical indicators have turned bullish. BUY! COPPER MOUNTAIN
(CMTN-Nasdaq) @ $66 5/8 Stop: Use a protective stop of $63 3/4.
COPPER MOUNTAIN is currently trading @ $66.00 plus $9.19 on Feb 2, 2000. Price Objective:
$93.00. Risk/Reward: $2 7/8 VS. $26 3/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$93.00
Risk/Reward:
$2 7/8 VS. $26 3/8
Risk/Reward Ratio:
9:1
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