EXODUS COMMUN
(EXDS-Nasdaq):
Technical Viewpoint: From a low
of $52 1/2 on May 24, 2000 prices
rallied, reaching a
high of $98 3/4
on Jun 9, 2000. A
decline saw prices pull back, reaching a
low of
$82 5/8 on Jun 13, 2000.
Another rally saw prices penetrate
resistance, closing 6/16/00
at $103 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 30, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $84.00. Resistance: Is at $120.00.
Point & Figure: Reversed to the upside on Jun 14, 2000. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! EXODUS COMMUN
(EXDS-Nasdaq) @ $103 1/2 Stop: Use a protective stop of $100 1/2.
EXODUS COMMUN is currently trading @ $103 1/4 plus $10 1/8 on Jun 16, 2000. Price Objective:
$124.00. Risk/Reward: $3.00 VS. $20 1/2. Today's Risk Reward Ratio: 7:1
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