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PALM INCORPORATED
(PALM-Nasdaq):
Technical Viewpoint: From a low
of $32 1/8 on Aug 14, 2000 prices
rallied, reaching a
high of $57 3/7
on Sep 26, 2000. A
decline saw prices pull back, reaching a
low of
$39 1/4 on Oct 11, 2000.
Another rally saw prices penetrate
resistance, closing 10/13/00
at $53.19. Technicals: RSI Index (RSI): A Buy Alert!
was given on Oct 12, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.00. Resistance: Is at $57.00.
Point & Figure: Reversed to the upside on Oct 12, 2000. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! PALM INCORPORATED
(PALM-Nasdaq) @ $54 3/8 Stop: Use a protective stop of $51 1/2.
PALM INCORPORATED is currently trading @ $53.19 plus $6 1/4 on Oct 13, 2000. Price Objective:
$72.00. Risk/Reward: $2 7/8 VS. $17 5/8. 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:
$72.00
Risk/Reward:
$2 7/8 VS. $17 5/8
Risk/Reward Ratio:
6:1
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