ELECTRONICS FOR IMAGING
(EFII-Nasdaq):
Technical Viewpoint: From a low
of $19.28 on Jul 23, 2003 prices
rallied, reaching a
high of $21.19
on Jul 25, 2003. A
decline saw prices pull back, reaching a
low of
$19.16 on Aug 8, 2003.
Another rally saw prices penetrate
resistance, closing 9/3/03
at $24.02. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 28, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.38. Resistance: Is at $25.25.
Point & Figure: Reversed to the upside on Sep 3, 2003. A P&F upside
reversal takes place at $22.50. Summary: Technical indicators have turned bullish. BUY! ELECTRONICS FOR IMAGING
(EFII-Nasdaq) @ $24.25 Stop: Use a protective stop of $22.25.
ELECTRONICS FOR IMAGING is currently trading @ $24.02 plus $2.23 on Sep 3, 2003. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $15.25. Today's Risk Reward Ratio: 8:1
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