Harry Aloof
06-11-2007, 09:13 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
NATIONAL SEMICONDUCTOR (NSM-NYSE): Technical Viewpoint: From a low of $23.60 on Apr 17, 2007 prices rallied, reaching a high of $28.08 on May 14, 2007. A decline saw prices pull back, reaching a low of $25.37 on May 24, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $29.58. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 8, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $26.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 8, 2007. A P&F downside reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR (NSM-NYSE) @ $29.63 Stop: Use a protective stop of $27.63. NATIONAL SEMICONDUCTOR is currently trading @ $29.58 plus $3.79 on Jun 8, 2007.
Price Objective: $82.50.
Risk/Reward: $2.00 VS. $10.12.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2156-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
NATIONAL SEMICONDUCTOR (NSM-NYSE): Technical Viewpoint: From a low of $23.60 on Apr 17, 2007 prices rallied, reaching a high of $28.08 on May 14, 2007. A decline saw prices pull back, reaching a low of $25.37 on May 24, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $29.58. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 8, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $26.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 8, 2007. A P&F downside reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! NATIONAL SEMICONDUCTOR (NSM-NYSE) @ $29.63 Stop: Use a protective stop of $27.63. NATIONAL SEMICONDUCTOR is currently trading @ $29.58 plus $3.79 on Jun 8, 2007.
Price Objective: $82.50.
Risk/Reward: $2.00 VS. $10.12.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2156-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)