PAIRGAIN TECHNOLOGIES
(PAIR-Nasdaq):
Technical Viewpoint: From a low
of $11.06 on Jan 31, 2000 prices
rallied, reaching a
high of $20 7/8
on Mar 10, 2000. A
decline saw prices pull back, reaching a
low of
$15 1/4 on Apr 4, 2000.
Another rally saw prices penetrate
resistance, closing 4/13/00
at $20 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 8, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 13, 2000. A P&F upside
reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! PAIRGAIN TECHNOLOGIES
(PAIR-Nasdaq) @ $21 1/8 Stop: Use a protective stop of $19 3/8.
PAIRGAIN TECHNOLOGIES is currently trading @ $20 3/4 plus $2 5/8 on Apr 13, 2000. Price Objective:
$32.00. Risk/Reward: $1 3/4 VS. $10 7/8. Today's Risk Reward Ratio: 6:1
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