COMPUTER SCIENCES
(CSC-NYSE):
Technical Viewpoint: From a low
of $52 3/8 on Apr 1, 1999 prices
rallied, reaching a
high of $61.00
on Apr 7, 1999. A
decline saw prices pull back, reaching a
low of
$53 7/8 on Apr 23, 1999.
Another rally saw prices penetrate
resistance, closing 5/19/99
at $64.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 19, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57 1/2. Resistance: Is at $70.00.
Point & Figure: Reversed to the upside on May 19, 1999. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! COMPUTER SCIENCES
(CSC-NYSE) @ $64 1/2 Stop: Use a protective stop of $61 5/8.
COMPUTER SCIENCES is currently trading @ $64.00 plus $4.31 on May 19, 1999. Price Objective:
$82 1/2. Risk/Reward: $2 7/8 VS. $25.00. Today's Risk Reward Ratio: 9:1
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