|
SUN MICROSYSTEMS INC
(SUNW-Nasdaq):
Technical Viewpoint: From a low
of $7.52 on Sep 21, 2001 prices
rallied, reaching a
high of $9.23
on Sep 25, 2001. A
decline saw prices pull back, reaching a
low of
$7.78 on Sep 27, 2001.
Another rally saw prices penetrate
resistance, closing 10/5/01
at $9.88. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 1, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $8.00. Resistance: Is at $14.00.
Point & Figure: Reversed to the upside on Oct 4, 2001. A P&F upside
reversal takes place at $8.00. Summary: Technical indicators have turned bullish. BUY! SUN MICROSYSTEMS INC
(SUNW-Nasdaq) @ $10.13 Stop: Use a protective stop of $8.88.
SUN MICROSYSTEMS INC is currently trading @ $9.88 plus $0.58 on Oct 5, 2001. Price Objective:
$14.25. Risk/Reward: $1.25 VS. $4.12. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$14.25
Risk/Reward:
$1.25 VS. $4.12
Risk/Reward Ratio:
4:1
|
