SYNOPSYS INC
(SNPS-Nasdaq):
Technical Viewpoint: From a low
of $34 7/8 on Nov 10, 2000 prices
rallied, reaching a
high of $47 7/8
on Dec 5, 2000. A
decline saw prices pull back, reaching a
low of
$44.94 on Dec 7, 2000.
Another rally saw prices penetrate
resistance, closing 12/8/00
at $50.06. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 15, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 8, 2000. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! SYNOPSYS INC
(SNPS-Nasdaq) @ $50 3/8 Stop: Use a protective stop of $47 5/8.
SYNOPSYS INC is currently trading @ $50.06 plus $3.31 on Dec 8, 2000. Price Objective:
$65.00. Risk/Reward: $2 3/4 VS. $14 5/8. Today's Risk Reward Ratio: 5:1
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