ARIBA INC
(ARBA-Nasdaq):
Technical Viewpoint: From a low
of $150.00 on Jan 6, 2000 prices
rallied, reaching a
high of $207.00
on Jan 12, 2000. A
decline saw prices pull back, reaching a
low of
$155.00 on Jan 31, 2000.
Another rally saw prices penetrate
resistance, closing 2/11/00
at $212.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 10, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $175.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 2, 2000. A P&F upside
reversal takes place at $200.00. Summary: Technical indicators have turned bullish. BUY! ARIBA INC
(ARBA-Nasdaq) @ $215 5/8 Stop: Use a protective stop of $212 1/2.
ARIBA INC is currently trading @ $212.00 plus $16.94 on Feb 11, 2000. Price Objective:
$285.00. Risk/Reward: $3 1/8 VS. $69 3/8. Today's Risk Reward Ratio: 22:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$285.00
Risk/Reward:
$3 1/8 VS. $69 3/8
Risk/Reward Ratio:
22:1
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