PALMONE INC
(PLMO-Nasdaq):
Technical Viewpoint: From a low
of $32.49 on Jul 14, 2004 prices
rallied, reaching a
high of $37.60
on Jul 21, 2004. A
decline saw prices pull back, reaching a
low of
$34.50 on Jul 26, 2004.
Another rally saw prices penetrate
resistance, closing 7/30/04
at $40.87. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 25, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 23, 2004. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! PALMONE INC
(PLMO-Nasdaq) @ $42.13 Stop: Use a protective stop of $40.13.
PALMONE INC is currently trading @ $40.87 plus $3.37 on Jul 29, 2004. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $12.87. Today's Risk Reward Ratio: 6:1
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