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GATEWAY INC
(GTW-NYSE):
Technical Viewpoint: From a low
of $56 3/4 on Jul 1, 1999 prices
rallied, reaching a
high of $75 3/4
on Jul 15, 1999. A
decline saw prices pull back, reaching a
low of
$62 7/8 on Jul 22, 1999.
Another rally saw prices penetrate
resistance, closing 8/18/99
at $91.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 18, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $79.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 9, 1999. A P&F upside
reversal takes place at $87 1/2. Summary: Technical indicators have turned bullish. BUY! GATEWAY INC
(GTW-NYSE) @ $91 3/8 Stop: Use a protective stop of $88 1/2.
GATEWAY INC is currently trading @ $91.00 plus $5 3/4 on Aug 18, 1999. Price Objective:
$106.00. Risk/Reward: $2 7/8 VS. $14 5/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$106.00
Risk/Reward:
$2 7/8 VS. $14 5/8
Risk/Reward Ratio:
5:1
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