BEA SYSTEMS INC
(BEAS-Nasdaq):
Technical Viewpoint: From a low
of $37.81 on Jun 26, 2000 prices
rallied, reaching a
high of $62 1/2
on Jul 13, 2000. A
decline saw prices pull back, reaching a
low of
$41.00 on Aug 3, 2000.
Another rally saw prices penetrate
resistance, closing 8/22/00
at $58.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $54.00. Resistance: Is at $62 1/2.
Point & Figure: Reversed to the upside on Aug 22, 2000. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! BEA SYSTEMS INC
(BEAS-Nasdaq) @ $58 7/8 Stop: Use a protective stop of $55 7/8.
BEA SYSTEMS INC is currently trading @ $58.31 plus $2.00 on Aug 23, 2000. Price Objective:
$76.00. Risk/Reward: $3.00 VS. $17 1/8. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$76.00
Risk/Reward:
$3.00 VS. $17 1/8
Risk/Reward Ratio:
6:1
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