BUY! VERITAS SOFTWARE CORP (VRTS) Nasdaq

  Report No. 1488    Analysis by: Harry Aloof     APRIL 1, 2002

VERITAS SOFTWARE CORP (VRTS-Nasdaq): Technical Viewpoint: From a low of $32.55 on Feb 22, 2002 prices rallied, reaching a high of $46.20 on Mar 8, 2002. A decline saw prices pull back, reaching a low of $39.27 on Mar 26, 2002. Another rally saw prices penetrate resistance, closing 3/28/02 at $43.83. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 7, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $42.25. Resistance: Is at $46.20. Point & Figure: Reversed to the upside on Mar 27, 2002. A P&F upside reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! VERITAS SOFTWARE CORP (VRTS-Nasdaq) @ $44.63 Stop: Use a protective stop of $42.25. VERITAS SOFTWARE CORP is currently trading @ $43.83 plus $1.46 on Mar 28, 2002. Price Objective: $55.50. Risk/Reward: $2.38 VS. $10.88. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$55.50 Risk/Reward:
$2.38 VS. $10.88 Risk/Reward Ratio:
4:1
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