finance.yahoo.com
Glad I don't subscribe to pristine LOL:
Stock Play of the Week
Company Profile: Macromedia, Inc. develops, markets, and supports software products, technologies, and services that enable people to define what the Web can be. The Company's customers, from developers to enterprises, use Macromedia solutions to help build compelling and effective web sites and eBusiness applications. Throughout the majority of fiscal year 2001, the Company operated in two segments: the Software segment and shockwave.com, Inc. The Software segment develops software that creates web site layout, graphics and rich media content for Internet users. shockwave.com designs, develops, and markets aggregated content to provide online entertainment on the Web. The Company currently operates in one primary business segment, the Software segment, as a result of the deconsolidation of shockwave.com.
Trading Strategy: MACR recently had a two-day breakdown (circled) that looked much lower. Notice that the two-day breakdown stalls and prices slowly rally back to the origin of the breakdown and recent range. This is a bullish scenario.
Tip: Failed patterns often produce powerful moves in the opposite direction.
The Play: We'll look to buy MACR once it trades above $23.86 with our stop at $23.14. Medium Risk.
Objective: Our objective will be $1.00 to $3.00 over the next week. Once $0.50 in gains have been reached, move stop to break-even.
SPW Update: LLTC was invalid but notice how powerful the failed pattern is. Have a great week!
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