MACROMEDIA INC
(MACR-Nasdaq):
Technical Viewpoint: From a low
of $18.74 on Jul 25, 2003 prices
rallied, reaching a
high of $20.96
on Aug 1, 2003. A
decline saw prices pull back, reaching a
low of
$17.33 on Aug 11, 2003.
Another rally saw prices penetrate
resistance, closing 8/25/03
at $23.14. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 22, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.25. Resistance: Is at $24.99.
Point & Figure: Reversed to the upside on Aug 20, 2003. A P&F upside
reversal takes place at $21.50. Summary: Technical indicators have turned bullish. BUY! MACROMEDIA INC
(MACR-Nasdaq) @ $23.38 Stop: Use a protective stop of $21.38.
MACROMEDIA INC is currently trading @ $23.14 plus $1.22 on Aug 25, 2003. Price Objective:
$33.00. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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