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NETSCAPE COMMUNICATIONS
(NSCP-Nasdaq):
Technical Viewpoint: From a low
of $52 7/8 on Jan 13, 1999 prices
rallied, reaching a
high of $74 7/8
on Jan 28, 1999. A
decline saw prices pull back, reaching a
low of
$60.56 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 2/19/99
at $70 3/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Feb 11, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $64.00. Resistance: Is at $74 7/8.
Point & Figure: Reversed to the upside on Feb 11, 1999. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! NETSCAPE COMMUNICATIONS
(NSCP-Nasdaq) @ $71 1/8 Stop: Use a protective stop of $68 1/4.
NETSCAPE COMMUNICATIONS is currently trading @ $70 3/8 plus $2 1/4 on Feb 19, 1999. Price Objective:
$99.00. Risk/Reward: $2 7/8 VS. $24 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99.00
Risk/Reward:
$2 7/8 VS. $24 7/8
Risk/Reward Ratio:
8:1
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