CMGI INC
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $82.00 on Feb 10, 1999 prices
rallied, reaching a
high of $226.00
on Mar 9, 1999. A
decline saw prices pull back, reaching a
low of
$158 1/2 on Mar 12, 1999.
Another rally saw prices penetrate
resistance, closing 3/15/99
at $192 5/8. Technicals: Demand Index (DI): A Buy Alert!
was given on Mar 15, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $160.00. Resistance: Is at $224.00.
Point & Figure: Reversed to the upside on Mar 15, 1999. A P&F upside
reversal takes place at $180.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $193 1/8 Stop: Use a protective stop of $189 1/2.
CMGI INC is currently trading @ $192 5/8 plus $28 5/8 on Mar 15, 1999. Price Objective:
$250.00. Risk/Reward: $3 5/8 VS. $57 1/4. Today's Risk Reward Ratio: 15:1
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