BEA SYSTEMS INC
(BEAS-Nasdaq):
Technical Viewpoint: From a low
of $37.19 on Jun 27, 2000 prices
rallied, reaching a
high of $62 1/2
on Jul 13, 2000. A
decline saw prices pull back, reaching a
low of
$41.00 on Aug 3, 2000.
Another rally saw prices penetrate
resistance, closing 8/16/00
at $57.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43 1/2. Resistance: Is at $56 7/8.
Point & Figure: Reversed to the upside on Aug 16, 2000. A P&F upside
reversal takes place at $53 3/4. Summary: Technical indicators have turned bullish. BUY! BEA SYSTEMS INC
(BEAS-Nasdaq) @ $57 7/8 Stop: Use a protective stop of $54 7/8.
BEA SYSTEMS INC is currently trading @ $57.00 plus $8 1/8 on Aug 16, 2000. Price Objective:
$75.00. Risk/Reward: $3.00 VS. $17 1/8. Today's Risk Reward Ratio: 6:1
|
Click here to view full size chart
|