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SUN MICROSYSTEMS
(SUNW-Nasdaq):
Technical Viewpoint: From a low
of $67 1/8 on May 24, 2000 prices
rallied, reaching a
high of $98 1/4
on Jun 20, 2000. A
decline saw prices pull back, reaching a
low of
$82 1/4 on Jul 6, 2000.
Another rally saw prices penetrate
resistance, closing 7/25/00
at $109.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 8, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $100 3/4. Resistance: Is at $113.00.
Point & Figure: Reversed to the upside on Jul 25, 2000. A P&F upside
reversal takes place at $105.00. Summary: Technical indicators have turned bullish. BUY! SUN MICROSYSTEMS
(SUNW-Nasdaq) @ $109 3/4 Stop: Use a protective stop of $106 3/4.
SUN MICROSYSTEMS is currently trading @ $109.00 plus $8.56 on Jul 25, 2000. Price Objective:
$148.00. Risk/Reward: $3.00 VS. $47 1/4. Today's Risk Reward Ratio: 16:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$148.00
Risk/Reward:
$3.00 VS. $47 1/4
Risk/Reward Ratio:
16:1
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