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AVANEX CORP
(AVNX-Nasdaq):
Technical Viewpoint: From a low
of $94.00 on Jul 6, 2000 prices
rallied, reaching a
high of $174 1/2
on Jul 18, 2000. A
decline saw prices pull back, reaching a
low of
$102 7/8 on Jul 28, 2000.
Another rally saw prices penetrate
resistance, closing 8/14/00
at $141.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 20, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $130.00. Resistance: Is at $155 1/2.
Point & Figure: Reversed to the upside on Aug 14, 2000. A P&F upside
reversal takes place at $128.00. Summary: Technical indicators have turned bullish. BUY! AVANEX CORP
(AVNX-Nasdaq) @ $143 1/8 Stop: Use a protective stop of $139 7/8.
AVANEX CORP is currently trading @ $141.94 plus $12.94 on Aug 14, 2000. Price Objective:
$168.00. Risk/Reward: $3 1/4 VS. $24 7/8. 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:
$168.00
Risk/Reward:
$3 1/4 VS. $24 7/8
Risk/Reward Ratio:
8:1
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