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EXTREME NETWORKS INC
(EXTR-Nasdaq):
Technical Viewpoint: From a low
of $90 5/8 on Jul 6, 2000 prices
rallied, reaching a
high of $158 7/8
on Jul 21, 2000. A
decline saw prices pull back, reaching a
low of
$117 3/4 on Aug 3, 2000.
Another rally saw prices penetrate
resistance, closing 8/8/00
at $157 7/8. 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 $132.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 4, 2000. A P&F upside
reversal takes place at $150.00. Summary: Technical indicators have turned bullish. BUY! EXTREME NETWORKS INC
(EXTR-Nasdaq) @ $159 5/8 Stop: Use a protective stop of $156 1/2.
EXTREME NETWORKS INC is currently trading @ $157 7/8 plus $9 1/4 on Aug 8, 2000. Price Objective:
$180.00. Risk/Reward: $3 1/8 VS. $20 3/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$180.00
Risk/Reward:
$3 1/8 VS. $20 3/8
Risk/Reward Ratio:
6:1
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