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AUTHENTIDATE HOLDING CORP
(ADAT-Nasdaq):
Technical Viewpoint: From a low
of $4.62 on Sep 29, 2003 prices
rallied, reaching a
high of $12.38
on Oct 21, 2003. A
decline saw prices pull back, reaching a
low of
$9.75 on Oct 28, 2003.
Another rally saw prices penetrate
resistance, closing 11/5/03
at $13.75. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 5, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $11.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 5, 2003. A P&F upside
reversal takes place at $13.50. Summary: Technical indicators have turned bullish. BUY! AUTHENTIDATE HOLDING CORP
(ADAT-Nasdaq) @ $14.38 Stop: Use a protective stop of $12.88.
AUTHENTIDATE HOLDING CORP is currently trading @ $13.75 plus $2.25 on Nov 5, 2003. Price Objective:
$23.00. Risk/Reward: $1.50 VS. $8.62. 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:
$23.00
Risk/Reward:
$1.50 VS. $8.62
Risk/Reward Ratio:
6:1
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