BUY! BROCADE COMMUNICATIONS (BRCD) Nasdaq

  Report No. 1125    Analysis by: Harry Aloof     SEPTEMBER 25, 2000

BROCADE COMMUNICATIONS (BRCD-Nasdaq): Technical Viewpoint: From a low of $162 1/4 on Aug 3, 2000 prices rallied, reaching a high of $231.00 on Sep 1, 2000. A decline saw prices pull back, reaching a low of $205.00 on Sep 13, 2000. Another rally saw prices penetrate resistance, closing 9/22/00 at $253.91. Technicals: Momentum Index (MTM): A Buy Alert! was given on Sep 22, 2000 when the solid line crossed the dotted line to the upside. Support: Remains at $227.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 20, 2000. A P&F upside reversal takes place at $243.00. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUNICATIONS (BRCD-Nasdaq) @ $254 1/8 Stop: Use a protective stop of $250 7/8. BROCADE COMMUNICATIONS is currently trading @ $253.91 plus $20.91 on Sep 22, 2000. Price Objective: $288.00. Risk/Reward: $3 1/4 VS. $33 7/8. Today's Risk Reward Ratio: 10:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$288.00 Risk/Reward:
$3 1/4 VS. $33 7/8 Risk/Reward Ratio:
10:1
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