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HOMESTORE.COM
(HOMS-Nasdaq):
Technical Viewpoint: From a low
of $21.00 on May 26, 2000 prices
rallied, reaching a
high of $33.00
on Jun 16, 2000. A
decline saw prices pull back, reaching a
low of
$23 1/8 on Jun 26, 2000.
Another rally saw prices penetrate
resistance, closing 7/20/00
at $38 1/2. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jul 11, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $28 3/4. Resistance: Is at $42 1/2.
Point & Figure: Reversed to the upside on Jun 30, 2000. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! HOMESTORE.COM
(HOMS-Nasdaq) @ $38 5/8 Stop: Use a protective stop of $35 7/8.
HOMESTORE.COM is currently trading @ $38 1/2 plus $7 3/4 on Jul 20, 2000. Price Objective:
$60.00. Risk/Reward: $2 3/4 VS. $21 3/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$60.00
Risk/Reward:
$2 3/4 VS. $21 3/8
Risk/Reward Ratio:
8:1
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