VERITAS SOFTWARE
(VRTS-Nasdaq):
Technical Viewpoint: From a low
of $55.25 on Mar 26, 2001 prices
rallied, reaching a
high of $72.60
on May 4, 2001. A
decline saw prices pull back, reaching a
low of
$60.43 on May 14, 2001.
Another rally saw prices penetrate
resistance, closing 5/18/01
at $73.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 20, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.50. Resistance: Is at $85.88.
Point & Figure: Reversed to the upside on May 15, 2001. A P&F upside
reversal takes place at $71.00. Summary: Technical indicators have turned bullish. BUY! VERITAS SOFTWARE
(VRTS-Nasdaq) @ $74.62 Stop: Use a protective stop of $71.75.
VERITAS SOFTWARE is currently trading @ $73.81 plus $4.61 on May 18, 2001. Price Objective:
$106.00. Risk/Reward: $2.87 VS. $31.38. Today's Risk Reward Ratio: 11:1
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