MOLEX INCORPORATED
(MOLX-Nasdaq):
Technical Viewpoint: From a low
of $28.26 on Feb 22, 2002 prices
rallied, reaching a
high of $36.65
on Mar 11, 2002. A
decline saw prices pull back, reaching a
low of
$31.94 on May 7, 2002.
Another rally saw prices penetrate
resistance, closing 5/13/02
at $36.40. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 9, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $34.00. Resistance: Is at $36.65.
Point & Figure: Reversed to the upside on May 8, 2002. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! MOLEX INCORPORATED
(MOLX-Nasdaq) @ $36.75 Stop: Use a protective stop of $34.25.
MOLEX INCORPORATED is currently trading @ $36.40 plus $2.08 on May 13, 2002. Price Objective:
$52.00. Risk/Reward: $2.50 VS. $15.25. Today's Risk Reward Ratio: 6:1
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