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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
$163.00 on Mar 23, 1999.
Another rally saw prices penetrate
resistance, closing 4/5/99
at $216.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Apr 5, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $185.00. Resistance: Is at $226.00.
Point & Figure: Reversed to the upside on Mar 24, 1999. A P&F upside
reversal takes place at $206 1/2. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $217 1/2 Stop: Use a protective stop of $214 1/2.
CMGI INC is currently trading @ $216.00 plus $28.69 on Apr 5, 1999. Price Objective:
$265.00. Risk/Reward: $3.00 VS. $47 1/2. Today's Risk Reward Ratio: 16:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$265.00
Risk/Reward:
$3.00 VS. $47 1/2
Risk/Reward Ratio:
16:1
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