NETWORKS ASSOCIATES INC
(NETA-Nasdaq):
Technical Viewpoint: From a low
of $15.44 on Aug 27, 1999 prices
rallied, reaching a
high of $23.00
on Sep 23, 1999. A
decline saw prices pull back, reaching a
low of
$16 1/4 on Oct 18, 1999.
Another rally saw prices penetrate
resistance, closing 11/3/99
at $19.55. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Oct 29, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $16 3/4. Resistance: Is at $20 7/8.
Point & Figure: Reversed to the upside on Nov 3, 1999. A P&F upside
reversal takes place at $17 1/4. Summary: Technical indicators have turned bullish. BUY! NETWORKS ASSOCIATES INC
(NETA-Nasdaq) @ $19 3/4 Stop: Use a protective stop of $18 1/4.
NETWORKS ASSOCIATES INC is currently trading @ $19.55 plus $1.11 on Nov 3, 1999. Price Objective:
$30 3/4. Risk/Reward: $1 1/2 VS. $11.00. 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:
$30 3/4
Risk/Reward:
$1 1/2 VS. $11.00
Risk/Reward Ratio:
7:1
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