BUY! HUTCHINSON TECHNOL (HTCH) Nasdaq

  Report No. 720    Analysis by: Harry Aloof     FEBRUARY 2, 1999

HUTCHINSON TECHNOL (HTCH-Nasdaq): Technical Viewpoint: From a low of $30.56 on Dec 17, 1998 prices rallied, reaching a high of $48 1/8 on Jan 13, 1999. A decline saw prices pull back, reaching a low of $40 1/2 on Feb 1, 1999. Another rally saw prices penetrate resistance, closing 2/1/99 at $49 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Jan 28, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $42.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 29, 1999. A P&F upside reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! HUTCHINSON TECHNOL (HTCH-Nasdaq) @ $51 3/8 Stop: Use a protective stop of $48 3/4. HUTCHINSON TECHNOL is currently trading @ $49 7/8 plus $3 3/4 on Feb 1, 1999. Price Objective: $67.00. Risk/Reward: $2 5/8 VS. $15 5/8. Today's Risk Reward Ratio: 6:1

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

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Price Objective:
$67.00 Risk/Reward:
$2 5/8 VS. $15 5/8 Risk/Reward Ratio:
6:1
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