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MCDATA CORP CL B
(MCDT-Nasdaq):
Technical Viewpoint: From a low
of $39 3/8 on Nov 30, 2000 prices
rallied, reaching a
high of $94 1/4
on Dec 11, 2000. A
decline saw prices pull back, reaching a
low of
$42.00 on Dec 21, 2000.
Another rally saw prices penetrate
resistance, closing 1/22/01
at $65 1/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 19, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $50.00. Resistance: Is at $72.00.
Point & Figure: Reversed to the upside on Jan 19, 2001. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! MCDATA CORP CL B
(MCDT-Nasdaq) @ $67 3/4 Stop: Use a protective stop of $64 7/8.
MCDATA CORP CL B is currently trading @ $65 1/4 plus $8.81 on Jan 22, 2001. Price Objective:
$92.00. Risk/Reward: $2 7/8 VS. $24 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$92.00
Risk/Reward:
$2 7/8 VS. $24 1/4
Risk/Reward Ratio:
8:1
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