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NATIONAL SEMICONDUCTOR
(NSM-NYSE):
Technical Viewpoint: From a low
of $24.70 on Oct 30, 2001 prices
rallied, reaching a
high of $33.80
on Nov 15, 2001. A
decline saw prices pull back, reaching a
low of
$29.28 on Dec 3, 2001.
Another rally saw prices penetrate
resistance, closing 12/6/01
at $34.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 24, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.00. Resistance: Is at $35.10.
Point & Figure: Reversed to the upside on Dec 5, 2001. A P&F upside
reversal takes place at $32.25. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR
(NSM-NYSE) @ $34.88 Stop: Use a protective stop of $32.25.
NATIONAL SEMICONDUCTOR is currently trading @ $34.60 plus $1.98 on Dec 6, 2001. Price Objective:
$44.00. Risk/Reward: $2.63 VS. $11.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$44.00
Risk/Reward:
$2.63 VS. $11.75
Risk/Reward Ratio:
4:1
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