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OPEN TEXT CP
(OTEX-Nasdaq):
Technical Viewpoint: From a low
of $18.22 on Jan 9, 2007 prices
rallied, reaching a
high of $20.13
on Jan 18, 2007. A
decline saw prices pull back, reaching a
low of
$18.59 on Jan 31, 2007.
Another rally saw prices penetrate
resistance, closing 2/9/07
at $22.80. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 9, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 1, 2007. A P&F upside
reversal takes place at $21.40. Summary: Technical indicators have turned bullish. BUY! OPEN TEXT CP
(OTEX-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50.
OPEN TEXT CP is currently trading @ $22.80 plus $3.26 on Feb 9, 2007. Price Objective:
$31.50. Risk/Reward: $2.00 VS. $8.00. 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:
$31.50
Risk/Reward:
$2.00 VS. $8.00
Risk/Reward Ratio:
4:1
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