GATEWAY INC
(GTW-NYSE):
Technical Viewpoint: From a low
of $45 1/2 on Sep 16, 1999 prices
rallied, reaching a
high of $54 3/4
on Sep 20, 1999. A
decline saw prices pull back, reaching a
low of
$41 5/8 on Sep 23, 1999.
Another rally saw prices penetrate
resistance, closing 10/14/99
at $55 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 1, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 14, 1999. A P&F upside
reversal takes place at $53 1/4. Summary: Technical indicators have turned bullish. BUY! GATEWAY INC
(GTW-NYSE) @ $55 5/8 Stop: Use a protective stop of $52 3/4.
GATEWAY INC is currently trading @ $55 1/8 plus $3.82 on Oct 14, 1999. Price Objective:
$69.00. Risk/Reward: $2 7/8 VS. $13 3/8. Today's Risk Reward Ratio: 4:1
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