SECURE COMPUTING INC
(SCUR-Nasdaq):
Technical Viewpoint: From a high
of $13.35 on Nov 20, 2003 prices
declined, reaching a
low of $15.45
on Dec 1, 2003. A
rally saw prices pull back, reaching a
high of
$13.71 on Dec 17, 2003.
Another decline saw prices penetrate
support, closing 12/30/03
at $17.10. Technicals: RSI Index (RSI): A Sell Alert!
was given on Dec 23, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $15.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on Dec 30, 2003. A P&F downside
reversal takes place at $15.00. Summary: Technical indicators have turned bearish. SELL! Secure Computing Inc
(SCUR-Nasdaq) @ $17.50 Stop: Use a protective stop of $16.13.
Secure Computing Inc is currently trading @ $17.10 minus $1.83 on Dec 30, 2003. Price Objective:
$26.50. Risk/Reward: $1.37 VS. $9.00. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|