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VERITAS SOFTWARE
(VRTS-Nasdaq):
Technical Viewpoint: From a low
of $47 3/4 on Aug 10, 1999 prices
rallied, reaching a
high of $81 3/8
on Sep 23, 1999. A
decline saw prices pull back, reaching a
low of
$72 7/8 on Oct 1, 1999.
Another rally saw prices penetrate
resistance, closing 10/15/99
at $91.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $81.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 15, 1999. A P&F upside
reversal takes place at $87.00. Summary: Technical indicators have turned bullish. BUY! VERITAS SOFTWARE
(VRTS-Nasdaq) @ $92 1/8 Stop: Use a protective stop of $89 1/4.
VERITAS SOFTWARE is currently trading @ $91.09 plus $9 5/8 on Oct 15, 1999. Price Objective:
$103 1/2. Risk/Reward: $2 7/8 VS. $11 3/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$103 1/2
Risk/Reward:
$2 7/8 VS. $11 3/8
Risk/Reward Ratio:
4:1
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