POWERWAVE TECHNOLOGIES
(PWAV-Nasdaq):
Technical Viewpoint: From a low
of $30 3/8 on Oct 12, 2000 prices
rallied, reaching a
high of $51.91
on Oct 23, 2000. A
decline saw prices pull back, reaching a
low of
$41 1/4 on Oct 30, 2000.
Another rally saw prices penetrate
resistance, closing 11/6/00
at $53 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.00. Resistance: Is at $66.00.
Point & Figure: Reversed to the upside on Oct 31, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! POWERWAVE TECHNOLOGIES
(PWAV-Nasdaq) @ $55 1/8 Stop: Use a protective stop of $52 3/8.
POWERWAVE TECHNOLOGIES is currently trading @ $53 1/2 plus $5.06 on Nov 6, 2000. Price Objective:
$86.00. Risk/Reward: $2 3/4 VS. $30 7/8. Today's Risk Reward Ratio: 11:1
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