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VA LINUX SYSTEMS
(LNUX-Nasdaq):
Technical Viewpoint: From a low
of $38.00 on May 23, 2000 prices
rallied, reaching a
high of $43 3/8
on Jun 5, 2000. A
decline saw prices pull back, reaching a
low of
$30.06 on Jun 15, 2000.
Another rally saw prices penetrate
resistance, closing 6/23/00
at $47 1/8. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 20, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at $51.00.
Point & Figure: Reversed to the upside on Jun 22, 2000. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! VA LINUX SYSTEMS
(LNUX-Nasdaq) @ $48 1/4 Stop: Use a protective stop of $45 3/8.
VA LINUX SYSTEMS is currently trading @ $47 1/8 plus $1.94 on Jun 23, 2000. Price Objective:
$72 1/2. Risk/Reward: $2 7/8 VS. $24 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72 1/2
Risk/Reward:
$2 7/8 VS. $24 1/4
Risk/Reward Ratio:
8:1
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