VIRATA CORP
(VRTA-Nasdaq):
Technical Viewpoint: From a low
of $28.57 on Apr 17, 2000 prices
rallied, reaching a
high of $54 3/4
on Apr 28, 2000. A
decline saw prices pull back, reaching a
low of
$30 1/2 on May 24, 2000.
Another rally saw prices penetrate
resistance, closing 6/21/00
at $59 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $67 1/2.
Point & Figure: Reversed to the upside on Jun 20, 2000. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! VIRATA CORP
(VRTA-Nasdaq) @ $60 3/8 Stop: Use a protective stop of $57 1/2.
VIRATA CORP is currently trading @ $59 1/4 plus $9 1/4 on Jun 21, 2000. Price Objective:
$72.00. Risk/Reward: $2 7/8 VS. $11 5/8. 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:
$72.00
Risk/Reward:
$2 7/8 VS. $11 5/8
Risk/Reward Ratio:
4:1
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