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contributing website
![]() Join Date: Oct 2006
Posts: 154
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From Wall Street Trader's Column
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
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