EXODUS COMMUNICATIONS
(EXDS-Nasdaq):
Technical Viewpoint: From a low
of $36 1/4 on Jul 11, 2000 prices
rallied, reaching a
high of $59 3/4
on Jul 20, 2000. A
decline saw prices pull back, reaching a
low of
$42 1/8 on Aug 3, 2000.
Another rally saw prices penetrate
resistance, closing 8/11/00
at $56 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 11, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on Aug 4, 2000. A P&F upside
reversal takes place at $50.00. Summary: Technical indicators have turned bullish. BUY! EXODUS COMMUNICATIONS
(EXDS-Nasdaq) @ $57 1/4 Stop: Use a protective stop of $54 1/2.
EXODUS COMMUNICATIONS is currently trading @ $56 1/4 plus $3 1/2 on Aug 11, 2000. Price Objective:
$88.00. Risk/Reward: $2 3/4 VS. $30 3/4. Today's Risk Reward Ratio: 11:1
|
Click here to view full size chart
|