Compaq Message Board - Msg: 11238892

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Technology Stocks : Compaq

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To: Captain Jack who wrote (67595)	9/13/1999 9:07:00 PM
From: CrazyTrain	Read Replies (2) of 97611

Have you seen this article? wstraders.com COMPAQ COMPUTER CORP (CPQ-NYSE): Technical Viewpoint: From a low of $20.00 on Jun 17, 1999 prices rallied, reaching a high of $28.19 on Jul 15, 1999. A decline saw prices pull back, reaching a low of $22.00 on Aug 10, 1999. Another rally saw prices penetrate resistance line "A", closing 9/10/99 at $25.19. Technicals: Momentum Index (MTM): A Buy Alert! was given on Sep 10, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $22 5/8. Resistance: Is at $28.19. Point & Figure: Reversed to the upside on Sep 10, 1999. A P&F downside reversal takes place at $23 1/2. Summary: Technical indicators have turned bullish. BUY! COMPAQ COMPUTER CORP (CPQ-NYSE) @ $25 3/8 Stop: Use a protective stop of $23 3/8. COMPAQ COMPUTER CORP is currently trading @ $25.19 plus $2 1/4 on Sep 10, 1999. Price Objective: $39 3/4. Risk/Reward: $2.00 VS. $14 3/8. Today's Risk Reward Ratio: 7:1

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