COMPAQ COMPUTER CORP
(CPQ-NYSE):
Technical Viewpoint: From a low
of $18 3/8 on Oct 28, 1999 prices
rallied, reaching a
high of $22.94
on Nov 10, 1999. A
decline saw prices pull back, reaching a
low of
$21 1/4 on Nov 16, 1999.
Another rally saw prices penetrate
resistance, closing 11/17/99
at $23 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 15, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20 1/2. Resistance: Is at $22 1/8.
Point & Figure: Reversed to the upside on Nov 10, 1999. A P&F upside
reversal takes place at $22 1/2. Summary: Technical indicators have turned bullish. BUY! COMPAQ COMPUTER CORP
(CPQ-NYSE) @ $24 1/8 Stop: Use a protective stop of $22 1/8.
COMPAQ COMPUTER CORP is currently trading @ $23 3/4 plus $2.00 on Nov 17, 1999. Price Objective:
$36 3/4. Risk/Reward: $2.00 VS. $12 5/8. Today's Risk Reward Ratio: 6:1
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