HOMESTORE.COM INC
(HOMS-Nasdaq):
Technical Viewpoint: From a low
of $17.07 on Jan 8, 2001 prices
rallied, reaching a
high of $35.13
on Jan 26, 2001. A
decline saw prices pull back, reaching a
low of
$26.88 on Feb 14, 2001.
Another rally saw prices penetrate
resistance, closing 2/17/01
at $36.62. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 18, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 15, 2001. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! HOMESTORE.COM INC
(HOMS-Nasdaq) @ $37.38 Stop: Use a protective stop of $34.62.
HOMESTORE.COM INC is currently trading @ $36.62 plus $1.66 on Feb 16, 2001. Price Objective:
$51.00. Risk/Reward: $2.75 VS. $13.62. Today's Risk Reward Ratio: 5:1
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