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MACROMEDIA INC
(MACR-Nasdaq):
Technical Viewpoint: From a low
of $56 1/4 on Sep 13, 2000 prices
rallied, reaching a
high of $84.00
on Sep 28, 2000. A
decline saw prices pull back, reaching a
low of
$65 1/8 on Oct 9, 2000.
Another rally saw prices penetrate
resistance, closing 11/3/00
at $82.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $. Resistance: Is at $.
Point & Figure: Reversed to the upside on Nov 3, 2000. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! MACROMEDIA INC
(MACR-Nasdaq) @ $82 7/8 Stop: Use a protective stop of $79 7/8.
MACROMEDIA INC is currently trading @ $82.06 plus $4 1/2 on Nov 3, 2000. Price Objective:
$138.00. Risk/Reward: $3.00 VS. $55.12. Today's Risk Reward Ratio: 18:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$138.00
Risk/Reward:
$3.00 VS. $55.12
Risk/Reward Ratio:
18:1
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