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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$65.00
Risk/Reward:
$2.62 VS. $18.88
Risk/Reward Ratio:
7:1
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