BUY! MACROMEDIA INC (MACR) Nasdaq

  Report No. 918    Analysis by: Harry Aloof     NOVEMBER 19, 1999

MACROMEDIA INC (MACR-Nasdaq): Technical Viewpoint: From a low of $51.00 on Oct 13, 1999 prices rallied, reaching a high of $65.00 on Oct 29, 1999. A decline saw prices pull back, reaching a low of $54 1/8 on Nov 12, 1999. Another rally saw prices penetrate resistance, closing 11/18/99 at $67 1/4. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Nov 12, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $58 1/2. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Nov 15, 1999. A P&F upside reversal takes place at $63 3/4. Summary: Technical indicators have turned bullish. BUY! MACROMEDIA INC (MACR-Nasdaq) @ $67 5/8 Stop: Use a protective stop of $64 3/4. MACROMEDIA INC is currently trading @ $67 1/4 plus $9 3/8 on Nov 18, 1999. Price Objective: $88.00. Risk/Reward: $2 7/8 VS. $20 3/8. Today's Risk Reward Ratio: 7:1

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

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Price Objective:
$88.00 Risk/Reward:
$2 7/8 VS. $20 3/8 Risk/Reward Ratio:
7:1
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