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PEOPLESOFT INC
(PSFT-Nasdaq):
Technical Viewpoint: From a low
of $13.77 on Jul 2, 2002 prices
rallied, reaching a
high of $17.11
on Jul 8, 2002. A
decline saw prices pull back, reaching a
low of
$13.61 on Jul 11, 2002.
Another rally saw prices penetrate
resistance, closing 7/23/02
at $16.74. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 8, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $14.75. Resistance: Is at $20.23.
Point & Figure: Reversed to the upside on Jul 19, 2002. A P&F upside
reversal takes place at $15.50. Summary: Technical indicators have turned bullish. BUY! PEOPLESOFT INC
(PSFT-Nasdaq) @ $17.25 Stop: Use a protective stop of $15.75.
PEOPLESOFT INC is currently trading @ $16.74 plus $0.51 on Jul 23, 2002. Price Objective:
$26.00. Risk/Reward: $1.50 VS. $8.75. 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:
$26.00
Risk/Reward:
$1.50 VS. $8.75
Risk/Reward Ratio:
6:1
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