How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 507.49

-0.6%

3:59 PM EST

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To: t2 who wrote (19116)	3/28/1999 11:43:00 PM
From: puborectalis	Read Replies (1) of 74651

MICROSOFT CORP (MSFT-Nasdaq): Technical Viewpoint: From a low of $136.00 on Jan 13, 1999 prices rallied, reaching a high of $175.94 on Feb 1, 1999. A decline saw prices pull back, reaching a low of $143.97 on Feb 18, 1999. Another rally saw prices penetrate resistance line "A", closing yesterday at $179.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 9, 1999 when the Histogram crossed the “0” line to the upside. Support: Remains at $165.00. Resistance: None at current levels. Point & Figure: Reversed to the upside on Mar 25, 1999. A P&F downside reversal takes place at $172 1/2. Summary: Technical indicators have turned bullish. This stock pick is brought to you by BUY! MICROSOFT CORP (MSFT-Nasdaq) @ $180 1/4 Stop: Use a protective stop of $176 7/8. Microsoft Corp is currently trading @ $179.94 plus $8.69 on March 25, 1999. Price Objective: $250.00 Risk/Reward: $3 3/8 VS. $69 3/4. Risk Reward Ratio: 20:1

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