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* Today's Sector Analysis: "Drugs  " Institutional Technical Viewpoint
Buy Alert!
Sprint Corp
(PCS):
$23.87 Stop. $21.87 P-Stop $32.00 P-Objective
Dow Jones Ind: 10,566.21 plus 131.37 points Jun 29, 2001 * Price Objective: 11,550
Volume Two No. 1313
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
6/29/01
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PRICE
OBJ
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CLOSE
PRICE
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AIG
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AMERICAN INT'L GROUP
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BUY!
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* RSI: 68
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$86.62
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$83.87
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$99.50
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$86.51
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AT
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ALLTEL CORP
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BUY!
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* RSI: 65
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$60.38
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$57.75
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$69.75
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$60.20
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EDS
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ELECTRONIC DATA
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BUY!
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* RSI: 59
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$63.50
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$60.75
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$74.00
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$63.30
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HIB
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HIBERNA CORP
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BUY!
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* RSI: 70
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$17.75
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$16.25
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$24.50
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$17.62
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MCHP
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MICROCHIP TECHNOLOGY
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BUY!
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* RSI: 64
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$30.25
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$28.12
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$48.00
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$29.85
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MDT
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MEDTRONIC INC
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BUY!
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* RSI: 61
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$48.12
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$45.50
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$61.00
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$47.80
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MU
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MICRON TECHNOLOGY
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BUY!
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* RSI: 55
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$42.12
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$39.65
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$60.00
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$41.60
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QLGC
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QLOGIC CORP
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BUY!
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* RSI: 64
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$64.75
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$61.62
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$91.50
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$63.24
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Drugs
ADRX: $75.12 SHPGY: $54.62 VRTX: $48.12
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Buy Alerts
FLWS: $14.38 QTRN: $25.75 XMSR: $16.38
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GENESIS MICROPCHIP
(GNSS-Nasdaq):
Technical Viewpoint: From a low
of $24.04 on May 30, 2001 prices
rallied, reaching a
high of $33.60
on Jun 8, 2001. A
decline saw prices pull back, reaching a
low of
$29.25 on Jun 15, 2001.
Another rally saw prices penetrate
resistance, closing 6/28/01
at $37.40. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jun 27, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 28, 2001. A P&F upside
reversal takes place at $35.25. Summary: Technical indicators have turned bullish. BUY! GENESIS MICROPCHIP
(GNSS-Nasdaq) @ $38.12 Stop: Use a protective stop of $35.50.
GENESIS MICROPCHIP is currently trading @ $37.40 plus $3.15 on Jun 28, 2001. Price Objective:
$50.00. Risk/Reward: $2.62 VS. $11.88. Today's Risk Reward Ratio: 4:1
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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