SELL! LSI LOGIC CORP (LSI) NYSE

  Report No. 782    Analysis by: Harry Aloof     MAY 5, 1999

LSI LOGIC CORP (LSI-NYSE): Technical Viewpoint: From a high of $25.00 on Mar 23, 1999 prices declined, reaching a low of $38.31 on Apr 9, 1999. A rally saw prices pull back, reaching a high of $30 3/4 on Apr 19, 1999. Another decline saw prices penetrate support, closing 5/4/99 at $36 1/2. Technicals: Stochastic Oscillator (STOC): A Sell Alert! was given on May 4, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $34.00. Resistance: Is at $38 1/4. Point & Figure: Reversed to the downside on May 4, 1999. A P&F downside reversal takes place at $34 1/2. Summary: Technical indicators have turned bearish. SELL! LSI LOGIC CORP (LSI-NYSE) @ $37 1/8 Stop: Use a protective stop of $34 5/8. LSI LOGIC CORP is currently trading @ $36 1/2 minus $1.81 on May 5, 1999. Price Objective: $46 1/2. Risk/Reward: $2 1/2 VS. $9 3/8. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$46 1/2 Risk/Reward:
$2 1/2 VS. $9 3/8 Risk/Reward Ratio:
4:1
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