SANMINA CORP
(SANM-Nasdaq):
Technical Viewpoint: From a low
of $85.00 on Jul 28, 2000 prices
rallied, reaching a
high of $112.19
on Aug 10, 2000. A
decline saw prices pull back, reaching a
low of
$99.16 on Aug 23, 2000.
Another rally saw prices penetrate
resistance, closing 8/31/00
at $141.00. Technicals: RSI Index (RSI): A Buy Alert!
was given on Aug 31, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $105.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 30, 2000. A P&F upside
reversal takes place at $114.00. Summary: Technical indicators have turned bullish. BUY! SANMINA CORP
(SANM-Nasdaq) @ $119 5/8 Stop: Use a protective stop of $116 1/2.
SANMINA CORP is currently trading @ $141.00 plus $13 3/4 on Aug 31, 2000. Price Objective:
$141.00. Risk/Reward: $3 1/8 VS. $21 3/8. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$141.00
Risk/Reward:
$3 1/8 VS. $21 3/8
Risk/Reward Ratio:
7:1
|