|
OPEN MARKET INC
(OMKT-Nasdaq):
Technical Viewpoint: From a low
of $35.00 on Dec 21, 1999 prices
rallied, reaching a
high of $45 3/4
on Dec 31, 1999. A
decline saw prices pull back, reaching a
low of
$31 1/2 on Jan 7, 2000.
Another rally saw prices penetrate
resistance, closing 1/21/00
at $47.94. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 21, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at $49 7/8.
Point & Figure: Reversed to the upside on Jan 19, 2000. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! OPEN MARKET INC
(OMKT-Nasdaq) @ $48 3/8 Stop: Use a protective stop of $45 5/8.
OPEN MARKET INC is currently trading @ $47.94 plus $4.31 on Jan 21, 2000. Price Objective:
$58 1/2. Risk/Reward: $2 3/4 VS. $10 1/8. Today's Risk Reward Ratio: 3:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$58 1/2
Risk/Reward:
$2 3/4 VS. $10 1/8
Risk/Reward Ratio:
3:1
|
