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COMPAQ COMPUTER CORP
(CPQ-NYSE):
Technical Viewpoint: From a low
of $20.00 on Jun 17, 1999 prices
rallied, reaching a
high of $28.19
on Jul 15, 1999. A
decline saw prices pull back, reaching a
low of
$22.00 on Aug 10, 1999.
Another rally saw prices penetrate
resistance, closing 9/10/99
at $25.19. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 10, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $22 5/8. Resistance: Is at $28.19.
Point & Figure: Reversed to the upside on Sep 10, 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 3/8 Stop: Use a protective stop of $23 3/8.
COMPAQ COMPUTER CORP is currently trading @ $25.19 plus $2 1/4 on Sep 10, 1999. Price Objective:
$39 3/4. Risk/Reward: $2.00 VS. $14 3/8. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39 3/4
Risk/Reward:
$2.00 VS. $14 3/8
Risk/Reward Ratio:
7:1
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