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FOUNDRY NETWORKS
(FDRY-Nasdaq):
Technical Viewpoint: From a low
of $14.26 on Jun 20, 2001 prices
rallied, reaching a
high of $20.14
on Jul 2, 2001. A
decline saw prices pull back, reaching a
low of
$16.00 on Jul 11, 2001.
Another rally saw prices penetrate
resistance, closing 7/9/01
at $20.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 12, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.25. Resistance: Is at $20.95.
Point & Figure: Reversed to the upside on Jul 19, 2001. A P&F upside
reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! FOUNDRY NETWORKS
(FDRY-Nasdaq) @ $20.12 Stop: Use a protective stop of $18.62.
FOUNDRY NETWORKS is currently trading @ $20.06 plus $2.42 on Jul 19, 2001. Price Objective:
$30.00. Risk/Reward: $1.50 VS. $9.88. 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:
$30.00
Risk/Reward:
$1.50 VS. $9.88
Risk/Reward Ratio:
7:1
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