BUY! SAFENET INC (SFNT) Nasdaq

  Report No. 1933    Analysis by: Harry Aloof     JANUARY 28, 2004

SAFENET INC (SFNT-Nasdaq): Technical Viewpoint: From a low of $30.38 on Dec 31, 2003 prices rallied, reaching a high of $36.75 on Jan 9, 2004. A decline saw prices pull back, reaching a low of $33.44 on Jan 23, 2004. Another rally saw prices penetrate resistance, closing 1/27/04 at $37.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 27, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $34.00. Resistance: Is at $42.51. Point & Figure: Reversed to the upside on Jan 27, 2004. A P&F upside reversal takes place at $36.50. Summary: Technical indicators have turned bullish. BUY! SAFENET INC (SFNT-Nasdaq) @ $38.50 Stop: Use a protective stop of $36.50. SAFENET INC is currently trading @ $37.80 plus $2.63 on Jan 27, 2004. Price Objective: $49.50. Risk/Reward: $2.00 VS. $11.00. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$49.50 Risk/Reward:
$2.00 VS. $11.00 Risk/Reward Ratio:
5:1
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