Harry Aloof
03-08-2007, 01:07 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)
TRIDENT MICROSYSTEMS INC (TRID-Nasdaq): Technical Viewpoint: From a low of $16.54 on Jan 18, 2007 prices rallied, reaching a high of $22.00 on Feb 6, 2007. A decline saw prices pull back, reaching a low of $19.94 on Feb 16, 2007. Another rally saw prices penetrate resistance line "A", closing 2/23/07 at $22.71. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 23, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $20.00. Resistance: Is at $22.00. Point & Figure: Reversed to the upside on Jan 24, 2007. A P&F downside reversal takes place at $20.50. Summary: Technical indicators have turned bullish. BUY! TRIDENT MICROSYSTEMS INC (TRID-Nasdaq) @ $22.88 Stop: Use a protective stop of $20.88. TRIDENT MICROSYSTEMS INC is currently trading @ $22.71 plus $1.32 on Feb 23, 2007.
Price Objective: $29.50.
Risk/Reward: $2.00 VS. $6.62.
Today's Risk Reward Ratio: 3:1
http://18004wallstreet.com/images/charts/Chart2123-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)
TRIDENT MICROSYSTEMS INC (TRID-Nasdaq): Technical Viewpoint: From a low of $16.54 on Jan 18, 2007 prices rallied, reaching a high of $22.00 on Feb 6, 2007. A decline saw prices pull back, reaching a low of $19.94 on Feb 16, 2007. Another rally saw prices penetrate resistance line "A", closing 2/23/07 at $22.71. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 23, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $20.00. Resistance: Is at $22.00. Point & Figure: Reversed to the upside on Jan 24, 2007. A P&F downside reversal takes place at $20.50. Summary: Technical indicators have turned bullish. BUY! TRIDENT MICROSYSTEMS INC (TRID-Nasdaq) @ $22.88 Stop: Use a protective stop of $20.88. TRIDENT MICROSYSTEMS INC is currently trading @ $22.71 plus $1.32 on Feb 23, 2007.
Price Objective: $29.50.
Risk/Reward: $2.00 VS. $6.62.
Today's Risk Reward Ratio: 3:1
http://18004wallstreet.com/images/charts/Chart2123-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)