COMPAQ COMPUTER CORP
(CPQ-NYSE):
Technical Viewpoint: From a low
of $22 1/4 on Apr 30, 1999 prices
rallied, reaching a
high of $27.00
on May 11, 1999. A
decline saw prices pull back, reaching a
low of
$21 3/3 on Jun 18, 1999.
Another rally saw prices penetrate
resistance, closing 7/7/99
at $24.94. Technicals: Demand Index (DI): A Buy Alert!
was given on Jun 21, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $22.00. Resistance: Is at $27.00.
Point & Figure: Reversed to the upside on Jun 29, 1999. A P&F upside
reversal takes place at $23 1/2. Summary: Technical indicators have turned bullish. BUY! COMPAQ COMPUTER CORP
(CPQ-NYSE) @ $25 1/8 Stop: Use a protective stop of $22 7/8.
COMPAQ COMPUTER CORP is currently trading @ $24.94 plus $1.56 on Jul 7, 1999. Price Objective:
$32.00. Risk/Reward: $2 1/4 VS. $6 7/8. Today's Risk Reward Ratio: 3:1
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