NEW ERA OF NETWORKS INC
(NEON-Nasdaq):
Technical Viewpoint: From a high
of $40 1/2 on Jan 13, 1999 prices
declined, reaching a
low of $59 3/4
on Jan 29, 1999. A
rally saw prices pull back, reaching a
high of
$52 1/2 on Feb 10, 1999.
Another decline saw prices penetrate
support, closing 2/15/99
at $63 3/4. Technicals: Stochastic Oscillator (STOC): A Sell Alert!
was given on Feb 11, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.00. Resistance: Is at $66 7/8.
Point & Figure: Reversed to the downside on Feb 11, 1999. A P&F downside
reversal takes place at $58 1/2. Summary: Technical indicators have turned bearish. SELL! NEW ERA OF NETWORKS INC
(NEON-Nasdaq) @ $64 1/4 Stop: Use a protective stop of $61 1/2.
NEW ERA OF NETWORKS INC is currently trading @ $63 3/4 minus $5 3/4 on Feb 12, 1999. Price Objective:
$82.00. Risk/Reward: $2 3/4 VS. $17 3/4. Today's Risk Reward Ratio: 6:1
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