CABOT MICROELECTRONICS
(CCMP-Nasdaq):
Technical Viewpoint: From a low
of $53.75 on Jun 26, 2001 prices
rallied, reaching a
high of $65.50
on Jun 29, 2001. A
decline saw prices pull back, reaching a
low of
$50.01 on Jul 11, 2001.
Another rally saw prices penetrate
resistance, closing 7/26/01
at $68.08. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 26, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $61.25. Resistance: Is at $72.75.
Point & Figure: Reversed to the upside on Jul 26, 2001. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! CABOT MICROELECTRONICS
(CCMP-Nasdaq) @ $69.25 Stop: Use a protective stop of $66.25.
CABOT MICROELECTRONICS is currently trading @ $68.08 plus $6.98 on Jul 26, 2001. Price Objective:
$78.00. Risk/Reward: $3.00 VS. $8.75. Today's Risk Reward Ratio: 3:1
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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:
$3.00 VS. $8.75
Risk/Reward Ratio:
3:1
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