CMGI INC
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $84 3/8 on Jun 2, 1999 prices
rallied, reaching a
high of $113.69
on Jun 8, 1999. A
decline saw prices pull back, reaching a
low of
$71.50 on Jun 15, 1999.
Another rally saw prices penetrate
resistance, closing 6/29/99
at $110.31. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 16, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $90.00. Resistance: Is at $129.00.
Point & Figure: Reversed to the upside on Jun 29, 1999. A P&F upside
reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $113 3/8 Stop: Use a protective stop of $109 7/8.
CMGI INC is currently trading @ $110.31 plus $12 5/8 on Jun 29, 1999. Price Objective:
$168.00. Risk/Reward: $3 1/2 VS. $54 5/8. 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:
$168.00
Risk/Reward:
$3 1/2 VS. $54 5/8
Risk/Reward Ratio:
15:1
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