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Old 03-08-2007, 01:07 PM   #1
Harry Aloof
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Join Date: Oct 2006
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Harry Aloof has a very good reputation
Lightbulb Trident Microsystems (TRID) Nasdaq 2/25/2007

From Wall Street Trader's Column

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



Last edited by Thierry Martin; 04-24-2007 at 11:43 AM.
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