|
NOVELL INC
(NOVL-Nasdaq):
Technical Viewpoint: From a low
of $20 5/8 on Dec 10, 1999 prices
rallied, reaching a
high of $42 3/8
on Jan 3, 2000. A
decline saw prices pull back, reaching a
low of
$30.00 on Jan 28, 2000.
Another rally saw prices penetrate
resistance, closing 2/7/00
at $39.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $42 1/2.
Point & Figure: Reversed to the upside on Jan 31, 2000. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! NOVELL INC
(NOVL-Nasdaq) @ $39 5/8 Stop: Use a protective stop of $36 7/8.
NOVELL INC is currently trading @ $39.19 plus $3.19 on Feb 7, 2000. Price Objective:
$59 1/2. Risk/Reward: $2 3/4 VS. $19 7/8. Today's Risk Reward Ratio: 7;1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59 1/2
Risk/Reward:
$2 3/4 VS. $19 7/8
Risk/Reward Ratio:
7;1
|
