CMG INCORPORATED
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $32.69 on Nov 14, 1998 prices
rallied, reaching a
high of $155.94
on Jan 2, 1999. A
decline saw prices pull back, reaching a
low of
$80 1/2 on Jan 22, 1999.
Another rally saw prices penetrate
resistance, closing 1/28/99
at $115.94. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jan 25, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $100.00. Resistance: Is at $125.00.
Point & Figure: Reversed to the upside on Jan 27, 1999. A P&F upside
reversal takes place at $107 1/2. Summary: Technical indicators have turned bullish. BUY! CMG INCORPORATED
(CMGI-Nasdaq) @ $116 1/2 Stop: Use a protective stop of $112 7/8.
CMG INCORPORATED is currently trading @ $115.94 plus $12.44 on Jan 29, 1999. Price Objective:
$174.00. Risk/Reward: $3 5/8 VS. $57 1/2. Today's Risk Reward Ratio: 15:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$174.00
Risk/Reward:
$3 5/8 VS. $57 1/2
Risk/Reward Ratio:
15:1
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