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MICROSOFT CORP
(MSFT-Nasdaq):
Technical Viewpoint: From a low
of $76.44 on May 5, 1999 prices
rallied, reaching a
high of $81 3/4
on May 13, 1999. A
decline saw prices pull back, reaching a
low of
$75 1/2 on May 26, 1999.
Another rally saw prices penetrate
resistance, closing 5/31/99
at $80.69. Technicals: RSI Index (RSI): A Buy Alert!
was given on May 26, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $75 1/2. Resistance: Is at $81 3/6.
Point & Figure: Reversed to the upside on May 28, 1999. A P&F upside
reversal takes place at $76 1/6. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CORP
(MSFT-Nasdaq) @ $81 1/8 Stop: Use a protective stop of $78 1/4.
MICROSOFT CORP is currently trading @ $80.69 plus $2.31 on May 30, 1999. Price Objective:
$100.00. Risk/Reward: $2 7/8 VS. $18 7/8. 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:
$100.00
Risk/Reward:
$2 7/8 VS. $18 7/8
Risk/Reward Ratio:
6:1
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