COMPAQ COMPUTER CP
(CPQ-NYSE):
Technical Viewpoint: From a low
of $26 1/2 on Jan 5, 2000 prices
rallied, reaching a
high of $34.00
on Jan 25, 2000. A
decline saw prices pull back, reaching a
low of
$24.06 on Feb 22, 2000.
Another rally saw prices penetrate
resistance, closing 3/14/00
at $30.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 10, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27 1/2. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Mar 14, 2000. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! COMPAQ COMPUTER CP
(CPQ-NYSE) @ $30 5/8 Stop: Use a protective stop of $28 5/8.
COMPAQ COMPUTER CP is currently trading @ $30.00 plus $1.25 on Mar 14, 2000. Price Objective:
$40.00. Risk/Reward: $2.00 VS. $9 3/8. Today's Risk Reward Ratio: 4:1
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