MIPS TECHNOLOGIES
(MIPS-Nasdaq):
Technical Viewpoint: From a low
of $32 1/2 on Jun 22, 2000 prices
rallied, reaching a
high of $43.00
on Jun 30, 2000. A
decline saw prices pull back, reaching a
low of
$35.00 on Jul 6, 2000.
Another rally saw prices penetrate
resistance, closing 7/19/00
at $53.44. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47 1/2. Resistance: Is at $56 7/8.
Point & Figure: Reversed to the upside on Jul 19, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! MIPS TECHNOLOGIES
(MIPS-Nasdaq) @ $54 1/4 Stop: Use a protective stop of $51 1/2.
MIPS TECHNOLOGIES is currently trading @ $53.44 plus $4.56 on Jul 19, 2000. Price Objective:
$76.00. Risk/Reward: $2 3/4 VS. $21 3/4. 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:
$76.00
Risk/Reward:
$2 3/4 VS. $21 3/4
Risk/Reward Ratio:
8:1
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