BUY! BEA SYSTEMS INC (BEAS) Nasdaq

  Report No. 940    Analysis by: Harry Aloof     DECEMBER 22, 1999

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

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

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Price Objective:
$84.00 Risk/Reward:
$2 3/4 VS. $18 7/8 Risk/Reward Ratio:
7:1
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