COMMERCE ONE INC
(CMRC-Nasdaq):
Technical Viewpoint: From a low
of $48 5/8 on Aug 24, 2000 prices
rallied, reaching a
high of $78 1/8
on Sep 11, 2000. A
decline saw prices pull back, reaching a
low of
$64.00 on Sep 18, 2000.
Another rally saw prices penetrate
resistance, closing 9/25/00
at $80 3/4. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $70 1/2. Resistance: Is at $85 1/2.
Point & Figure: Reversed to the upside on Sep 19, 2000. A P&F upside
reversal takes place at $76 1/2. Summary: Technical indicators have turned bullish. BUY! COMMERCE ONE INC
(CMRC-Nasdaq) @ $81 7/8 Stop: Use a protective stop of $79 1/8.
COMMERCE ONE INC is currently trading @ $80 3/4 plus $5.00 on Sep 25, 2000. Price Objective:
$106.00. Risk/Reward: $2 3/4 VS. $24 1/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$106.00
Risk/Reward:
$2 3/4 VS. $24 1/8
Risk/Reward Ratio:
9:1
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