BUY! EMC CORP (EMC) NYSE

  Report No. 1266    Analysis by: Harry Aloof     APRIL 23, 2001

EMC CORP (EMC-NYSE): Technical Viewpoint: From a low of $29.96 on Mar 12, 2001 prices rallied, reaching a high of $37.92 on Mar 23, 2001. A decline saw prices pull back, reaching a low of $25.05 on Apr 3, 2001. Another rally saw prices penetrate resistance, closing 4/20/01 at $45.10. Technicals: RSI Index (RSI): A Buy Alert! was given on Apr 5, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $37.50. Resistance: Is at $50.00. Point & Figure: Reversed to the upside on Apr 18, 2001. A P&F upside reversal takes place at $41.25. Summary: Technical indicators have turned bullish. BUY! EMC CORP (EMC-NYSE) @ $46.12 Stop: Use a protective stop of $43.50. EMC CORP is currently trading @ $45.10 plus $2.29 on Apr 20, 2001. Price Objective: $65.00. Risk/Reward: $2.62 VS. $18.88. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$65.00 Risk/Reward:
$2.62 VS. $18.88 Risk/Reward Ratio:
7:1
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