BUY! FOUNDRY NETWORKS INC (FDRY) Nasdaq

  Report No. 1143    Analysis by: Harry Aloof     OCTOBER 20, 2000

FOUNDRY NETWORKS INC (FDRY-Nasdaq): Technical Viewpoint: From a low of $57 1/8 on Sep 22, 2000 prices rallied, reaching a high of $71 3/4 on Sep 27, 2000. A decline saw prices pull back, reaching a low of $55 3/4 on Oct 4, 2000. Another rally saw prices penetrate resistance, closing 10/18/00 at $83.00. Technicals: Momentum Index (MTM): A Buy Alert! was given on Sep 26, 2000 when the solid line crossed the dotted line to the upside. Support: Remains at $70.00. Resistance: Is at $93.00. Point & Figure: Reversed to the upside on Oct 19, 2000. A P&F upside reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! FOUNDRY NETWORKS INC (FDRY-Nasdaq) @ $83 3/8 Stop: Use a protective stop of $80 1/2. FOUNDRY NETWORKS INC is currently trading @ $83.00 plus $16 1/2 on Oct 19, 2000. Price Objective: $111.00. Risk/Reward: $2 7/8 VS. $27 5/8. 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:
$111.00 Risk/Reward:
$2 7/8 VS. $27 5/8 Risk/Reward Ratio:
10:1
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