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COMPLETE BUSINESS SOLUTIONS
(CBSI-Nasdaq):
Technical Viewpoint: From a low
of $15 5/8 on Apr 19, 1999 prices
rallied, reaching a
high of $23 1/4
on Apr 29, 1999. A
decline saw prices pull back, reaching a
low of
$19 1/2 on May 10, 1999.
Another rally saw prices penetrate
resistance, closing 5/24/99
at $26.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 30, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23 1/2. Resistance: Is at $30.00.
Point & Figure: Reversed to the upside on May 13, 1999. A P&F upside
reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! Complete Business Solutions
(CBSI-Nasdaq) @ $27 1/2 Stop: Use a protective stop of $25 5/8.
Complete Business Solutions is currently trading @ $26.81 plus $2 1/2 on May 24, 1999. Price Objective:
$33.00. Risk/Reward: $1 7/8 VS. $5 1/2. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$33.00
Risk/Reward:
$1 7/8 VS. $5 1/2
Risk/Reward Ratio:
3:1
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