VERITAS SOFTWARE CORP
(VRTS-Nasdaq):
Technical Viewpoint: From a low
of $32.55 on Feb 22, 2002 prices
rallied, reaching a
high of $46.20
on Mar 8, 2002. A
decline saw prices pull back, reaching a
low of
$39.27 on Mar 26, 2002.
Another rally saw prices penetrate
resistance, closing 3/28/02
at $43.83. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 7, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.25. Resistance: Is at $46.20.
Point & Figure: Reversed to the upside on Mar 27, 2002. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! VERITAS SOFTWARE CORP
(VRTS-Nasdaq) @ $44.63 Stop: Use a protective stop of $42.25.
VERITAS SOFTWARE CORP is currently trading @ $43.83 plus $1.46 on Mar 28, 2002. Price Objective:
$55.50. Risk/Reward: $2.38 VS. $10.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.50
Risk/Reward:
$2.38 VS. $10.88
Risk/Reward Ratio:
4:1
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