BROADCOM CORP
(BRCM-Nasdaq):
Technical Viewpoint: From a low
of $55.56 on Feb 24, 1999 prices
rallied, reaching a
high of $68 3/4
on Feb 18, 1999. A
decline saw prices pull back, reaching a
low of
$46 1/4 on Mar 5, 1999.
Another rally saw prices penetrate
resistance, closing 3/17/99
at $67 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.00. Resistance: Is at $78.56.
Point & Figure: Reversed to the upside on Mar 17, 1999. A P&F upside
reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP
(BRCM-Nasdaq) @ $68 1/8 Stop: Use a protective stop of $65 3/8.
BROADCOM CORP is currently trading @ $67 3/8 plus $4.00 on Mar 18, 1999. Price Objective:
$108.00. Risk/Reward: $2 3/4 VS. $39 7/8. Today's Risk Reward Ratio: 14:1
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