BEA SYSTEMS INC
(BEAS-Nasdaq):
Technical Viewpoint: From a low
of $37 3/4 on Nov 30, 1999 prices
rallied, reaching a
high of $66 3/4
on Dec 6, 1999. A
decline saw prices pull back, reaching a
low of
$53 1/2 on Dec 15, 1999.
Another rally saw prices penetrate
resistance, closing 12/21/99
at $67 5/8. Technicals: RSI Index (RSI): A Buy Alert!
was given on Dec 21, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $59 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 21, 1999. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! BEA SYSTEMS INC
(BEAS-Nasdaq) @ $68 1/8 Stop: Use a protective stop of $65 3/8.
BEA SYSTEMS INC is currently trading @ $67 5/8 plus $5.63 on Dec 21, 1999. Price Objective:
$84.00. Risk/Reward: $2 3/4 VS. $18 7/8. 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:
$84.00
Risk/Reward:
$2 3/4 VS. $18 7/8
Risk/Reward Ratio:
7:1
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