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BUSINESS OBJECTS S A
(BOBJ-Nasdaq):
Technical Viewpoint: From a high
of $42 3/8 on Sep 1, 1999 prices
declined, reaching a
low of $57.94
on Sep 13, 1999. A
rally saw prices pull back, reaching a
high of
$51 1/8 on Sep 16, 1999.
Another decline saw prices penetrate
support, closing 9/23/99
at $57 3/8. Technicals: Stochastic Oscillator (STOC): A Sell Alert!
was given on Sep 23, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $52.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the downside on Sep 23, 1999. A P&F downside
reversal takes place at $54.00. Summary: Technical indicators have turned bearish. SELL! BUSINESS OBJECTS S A
(BOBJ-Nasdaq) @ $57 3/4 Stop: Use a protective stop of $54 7/8.
BUSINESS OBJECTS S A is currently trading @ $57 3/8 minus $4 5/8 on Sep 23, 1999. Price Objective:
$67.00. Risk/Reward: $2 7/8 VS. $9 1/4. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2 7/8 VS. $9 1/4
Risk/Reward Ratio:
3:1
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