GATEWAY INC
(GTW-NYSE):
Technical Viewpoint: From a low
of $56 3/4 on Jul 1, 1999 prices
rallied, reaching a
high of $75 3/4
on Jul 15, 1999. A
decline saw prices pull back, reaching a
low of
$65 3/8 on Jul 21, 1999.
Another rally saw prices penetrate
resistance, closing 8/11/99
at $83 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 11, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $73 1/2. Resistance: Is at $84.00.
Point & Figure: Reversed to the upside on Jul 9, 1999. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! GATEWAY INC
(GTW-NYSE) @ $83 1/2 Stop: Use a protective stop of $80 3/4.
GATEWAY INC is currently trading @ $83 1/4 plus $5 1/4 on Aug 11, 1999. Price Objective:
$111.00. Risk/Reward: $2 3/4 VS. $27 1/2. Today's Risk Reward Ratio: 10:1
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