SCI SYSTEMS INC
(SCI-NYSE):
Technical Viewpoint: From a low
of $24 5/8 on Nov 30, 2000 prices
rallied, reaching a
high of $34.00
on Dec 10, 2000. A
decline saw prices pull back, reaching a
low of
$23.56 on Jan 3, 2001.
Another rally saw prices penetrate
resistance, closing 1/18/01
at $33.06. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 27, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.00. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Jan 11, 2001. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! SCI SYSTEMS INC
(SCI-NYSE) @ $33 1/2 Stop: Use a protective stop of $30 3/4.
SCI SYSTEMS INC is currently trading @ $33.06 plus $3.43 on Jan 18, 2001. Price Objective:
$49.00. Risk/Reward: $2 3/4 VS. $15 1/2. Today's Risk Reward Ratio: 5:1
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