Harry Aloof
10-16-2006, 12:21 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)
TESSERA TECHNOLOGIES INC (TSRA) Nasdaq
Report No. 2193 Analysis by: Harry Aloof OCTOBER 16, 2006
TESSERA TECHNOLOGIES INC (TSRA-Nasdaq): Technical Viewpoint: From a low of $30.58 on Sep 19, 2006 prices rallied, reaching a high of $3577 on Sep 27, 2006. A decline saw prices pull back, reaching a low of $33.52 on Oct 3, 2006. Another rally saw prices penetrate resistance line "A", closing 10/13/06 at $36.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 13, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $34.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 26, 2006. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! TESSERA TECHNOLOGIES INC (TSRA-Nasdaq) @ $36.38 Stop: Use a protective stop of $34.38. TESSERA TECHNOLOGIES INC is currently trading @ $36.31 plus $1.82 on Oct 13, 2006.
Price Objective: $49.50.
Risk/Reward: $2.00 VS. $13.12.
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2081-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)
TESSERA TECHNOLOGIES INC (TSRA) Nasdaq
Report No. 2193 Analysis by: Harry Aloof OCTOBER 16, 2006
TESSERA TECHNOLOGIES INC (TSRA-Nasdaq): Technical Viewpoint: From a low of $30.58 on Sep 19, 2006 prices rallied, reaching a high of $3577 on Sep 27, 2006. A decline saw prices pull back, reaching a low of $33.52 on Oct 3, 2006. Another rally saw prices penetrate resistance line "A", closing 10/13/06 at $36.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 13, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $34.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 26, 2006. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! TESSERA TECHNOLOGIES INC (TSRA-Nasdaq) @ $36.38 Stop: Use a protective stop of $34.38. TESSERA TECHNOLOGIES INC is currently trading @ $36.31 plus $1.82 on Oct 13, 2006.
Price Objective: $49.50.
Risk/Reward: $2.00 VS. $13.12.
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2081-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)