COMPUTER ASSOCIATES
(CA-NYSE):
Technical Viewpoint: From a low
of $33.25 on Jan 2, 2002 prices
rallied, reaching a
high of $38.40
on Jan 9, 2002. A
decline saw prices pull back, reaching a
low of
$34.52 on Jan 22, 2002.
Another rally saw prices penetrate
resistance, closing 1/23/02
at $37.98. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 19, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at $38.40.
Point & Figure: Reversed to the upside on Jan 23, 2002. A P&F upside
reversal takes place at $36.50. Summary: Technical indicators have turned bullish. BUY! COMPUTER ASSOCIATES
(CA-NYSE) @ $38.13 Stop: Use a protective stop of $35.63.
COMPUTER ASSOCIATES is currently trading @ $37.98 plus $3.08 on Jan 23, 2002. Price Objective:
$53.00. Risk/Reward: $2.50 VS. $14.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$53.00
Risk/Reward:
$2.50 VS. $14.88
Risk/Reward Ratio:
6:1
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