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BROCADE COMMUNICATIONS
(BRCD-Nasdaq):
Technical Viewpoint: From a low
of $35.80 on May 30, 2001 prices
rallied, reaching a
high of $48.94
on Jun 13, 2001. A
decline saw prices pull back, reaching a
low of
$34.34 on Jun 19, 2001.
Another rally saw prices penetrate
resistance, closing 7/3/01
at $44.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 3, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.50. Resistance: Is at $48.94.
Point & Figure: Reversed to the upside on Jun 28, 2001. A P&F upside
reversal takes place at $40.50. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUNICATIONS
(BRCD-Nasdaq) @ $45.12 Stop: Use a protective stop of $42.62.
BROCADE COMMUNICATIONS is currently trading @ $44.09 plus $1.10 on Jul 3, 2001. Price Objective:
$78.00. Risk/Reward: $2.50 VS. $32.88. Today's Risk Reward Ratio: 13:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$78.00
Risk/Reward:
$2.50 VS. $32.88
Risk/Reward Ratio:
13:1
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