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* Today's Sector Analysis: "Electronics " Institutional Technical Viewpoint
Buy Alert!
Infocus Corp
(INFS):
$12.13 Stop. $10.63 P-Stop $22.50 P-Objective
Dow Jones Ind: 10,538.66 minus 5.51 points Jan 6, 2004 * Price Objective: Reached Price Target
Volume Two No. 1919
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
1/7/04
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PRICE
OBJ
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CLOSE
PRICE
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BDK
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BLACK & DECKER CORP
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BUY!
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* RSI: 69
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$51.38
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$48.88
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$64.00
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$51.27
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BIIB
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BIOGEN IDEC INC
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BUY!
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* RSI: 63
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$39.13
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$37.13
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$53.00
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$38.59
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HAL
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HALLIBURTON CO
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BUY!
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* RSI: 65
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$27.13
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$25.13
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$38.00
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$31.90
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MTLG
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METROLOGIC INSTRUMENTS
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BUY!
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RSI: 69
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$32.88
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$30.88
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$43.00
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$31.90
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NFLX
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NETFLIX INC
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BUY!
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* RSI: 68
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$60.88
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$58.38
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$69.00
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$59.61
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* RMBS
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RAMBUS INC
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BUY!
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* RSI: 72
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$34.50
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$32.50
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$43.50
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$33.90
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SOV
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SOVEREIGN BANCORP INC
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BUY!
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* RSI: 66
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$24.75
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$22.75
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$34.00
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$24.35
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TRCI
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TECHNOLOGIES RESEARCH
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BUY!
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* RSI: 69
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$21.88
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$20.38
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$32.00
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$21.73
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Electronics
CAMD: $11.13 HELX: $24.50 MXIM: $52.13
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Buy Alerts
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GARMIN LTD
(GRMN-Nasdaq):
Technical Viewpoint: From a low
of $48.11 on Nov 11, 2003 prices
rallied, reaching a
high of $57.84
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$50.00 on Nov 10, 2003.
Another rally saw prices penetrate
resistance, closing 1/6/04
at $57.67. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 6, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 19, 2004. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! GARMIN LTD
(GRMN-Nasdaq) @ $58.75 Stop: Use a protective stop of $56.25.
GARMIN LTD is currently trading @ $57.67 plus $2.98 on Jan 6, 2004. Price Objective:
$69.50. Risk/Reward: $2.50 VS. $10.75. Today's Risk Reward Ratio: 4:1
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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