"Don't stick beans up your nostrils."
I am actually paying more attention to the 54 trading day cycle than much of the rest of my observations below...have no position yet...but my awareness and finger is on the trigger...so bottom pick here or below or wait for a sign of technical strength to become evident?
note the configuration of the 50-week and 200-week ema's...the MFI and RSI structure on the long-term weekly
a 75% retracement of the move up from the 2001 low would place the retracement target objective near the multi-year support zone that is clearly visible on the PnF chart.
today's close was only 23 cents above the intraday low...first major round of short covering may start to occur between $25.50 and 23.00 area.
some trendline analysis on the long-term weekly or monthly is helpful..and note where current price resides relative to the multi-year channels:
minimum long trade risk to $20 area.
54 trading days have elapsed since the $32.24 high when the character of price behavior altered course -
fibonacci numerology: 377/7 = 53.86
analyst opinion -
UPGRADES & DOWNGRADES HISTORY
Date Research Firm Action From To
21-Apr-06 Citigroup Downgrade Buy Sell
17-Feb-06 Banc of America Sec Downgrade Buy Neutral
8-Feb-06 Bernstein Upgrade Mkt Perform Outperform
6-Feb-06 Caris & Company Downgrade Above Average Average
20-Jan-06 Robert W. Baird Upgrade Neutral Outperform
11-Nov-05 Needham & Co Downgrade Strong Buy Buy
2-Nov-05 Caris & Company Downgrade Buy Above Average
1-Nov-05 UBS Downgrade Buy Neutral
1-Nov-05 Bear Stearns Downgrade Outperform Peer Perform
1-Nov-05 Moors & Cabot Downgrade Buy Hold
13-Oct-05 JMP Securities Initiated
10-Oct-05 Needham & Co Upgrade Buy Strong Buy
22-Sep-05 Robert W. Baird Initiated
9-Sep-05 Am Tech/JSA Research Upgrade Hold Buy
12-Aug-05 Goldman Sachs Downgrade Outperform In-Line
22-Jun-05 Moors & Cabot Initiated
26-May-05 AmTech Research Initiated
13-May-05 UBS Upgrade Neutral Buy
13-May-05 Pacific Crest Upgrade Sector Perform Outperform
20-Apr-05 Smith Barney Citigroup Upgrade Hold Buy
14-Mar-05 Pacific Crest Downgrade Outperform Sector Perform
11-Feb-05 Smith Barney Citigroup Downgrade Buy Hold
8-Feb-05 Deutsche Securities Initiated
Edited by hiker, 05 May 2006 - 01:08 AM.