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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: BWAC who wrote (11803)	9/25/2003 8:56:46 AM
From: Return to Sender	Read Replies (1) of 95530

Briefing.com did a brief on swing trading CY a couple of days back with a target of 21.36. From Briefing.com: 11:13AM Swing Trader - Cypress and Millennium: Welcome to Swing Trader…In this new column, Briefing.com will alert subscribers to stocks setting up for a near-term Technical move, hopefully a point or two, over the next couple of days. Today's set-up is Cypress Semiconductor (CY 18.89 +0.02). For the past month, Cypress has been consolidating into what is known as a Bullish Ascending Triangle. Its breakout above 18.75 resistance on higher than normal volume yesterday triggered a technical buy signal. A price target of 21.36 can be calculated by adding the difference between its upper boundary line (18.75) and the lowest low of the pattern's uptrend (16.14) to the upper boundary (18.75). So, if 18.75 - 16.14 = 2.61, then 2.61 + 18.75 = 21.36 price target. Downside risk can be found at its prevailing uptrend just above 18. I'm watching this carefully to see how it works out: investorshub.com RtS

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