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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 8/28/00
at $149.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 28, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $122.00. Resistance: Is at $155 1/2.
Point & Figure: Reversed to the upside on Aug 28, 2000. A P&F upside
reversal takes place at $136.00. Summary: Technical indicators have turned bullish. BUY! AVANEX CORP
(AVNX-Nasdaq) @ $151 1/8 Stop: Use a protective stop of $147 7/8.
AVANEX CORP is currently trading @ $149.00 plus $17 1/2 on Aug 28, 2000. Price Objective:
$176.00. 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:
$176.00
Risk/Reward:
$3 1/4 VS. $24 7/8
Risk/Reward Ratio:
8:1
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