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SONUS NETWORKS INC
(SONS-Nasdaq):
Technical Viewpoint: From a low
of $20 3/4 on Jan 10, 2001 prices
rallied, reaching a
high of $42 3/4
on Jan 19, 2001. A
decline saw prices pull back, reaching a
low of
$36.19 on Jan 26, 2001.
Another rally saw prices penetrate
resistance, closing 1/31/01
at $45 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39 3/4. Resistance: Is at $49.00.
Point & Figure: Reversed to the upside on Jan 29, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! SONUS NETWORKS INC
(SONS-Nasdaq) @ $46 5/8 Stop: Use a protective stop of $43 7/8.
SONUS NETWORKS INC is currently trading @ $45 7/8 plus $2.91 on Jan 31, 2001. Price Objective:
$56.00. Risk/Reward: $2 3/4 VS. $9 3/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$56.00
Risk/Reward:
$2 3/4 VS. $9 3/8
Risk/Reward Ratio:
3:1
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