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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$46 1/2
Risk/Reward:
$2 1/2 VS. $9 3/8
Risk/Reward Ratio:
4:1
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