MANUGISTICS GROUP INC
(MANU-Nasdaq):
Technical Viewpoint: From a low
of $13.16 on Feb 7, 2002 prices
rallied, reaching a
high of $19.40
on Feb 12, 2002. A
decline saw prices pull back, reaching a
low of
$12.91 on Feb 28, 2002.
Another rally saw prices penetrate
resistance, closing 3/8/02
at $19.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 8, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $13.50. Resistance: Is at $20.39.
Point & Figure: Reversed to the upside on Mar 8, 2002. A P&F upside
reversal takes place at $18.00. Summary: Technical indicators have turned bullish. BUY! MANUGISTICS GROUP INC
(MANU-Nasdaq) @ $19.63 Stop: Use a protective stop of $18.13.
MANUGISTICS GROUP INC is currently trading @ $19.42 plus $2.81 on Mar 8, 2002. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $9.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.00
Risk/Reward:
$1.50 VS. $9.38
Risk/Reward Ratio:
6:1
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