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CMGI INC
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $100.00 on Jan 3, 2000 prices
rallied, reaching a
high of $126 3/4
on Feb 4, 2000. A
decline saw prices pull back, reaching a
low of
$102.00 on Feb 22, 2000.
Another rally saw prices penetrate
resistance, closing 2/29/00
at $129.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 29, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $111 1/4. Resistance: Is at $135.00.
Point & Figure: Reversed to the upside on Feb 23, 2000. A P&F upside
reversal takes place at $120.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $131 1/8 Stop: Use a protective stop of $127 7/8.
CMGI INC is currently trading @ $129.56 plus $13.18 on Feb 29, 2000. Price Objective:
$165.00. Risk/Reward: $3 1/4 VS. $33 7/8. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$165.00
Risk/Reward:
$3 1/4 VS. $33 7/8
Risk/Reward Ratio:
10:1
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