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VERITAS SOFTWARE
(VRTS-Nasdaq):
Technical Viewpoint: From a low
of $38.60 on Apr 4, 2001 prices
rallied, reaching a
high of $63.00
on Apr 11, 2001. A
decline saw prices pull back, reaching a
low of
$52.85 on Apr 17, 2001.
Another rally saw prices penetrate
resistance, closing 4/19/01
at $64.24. Technicals: RSI Index (RSI): A Buy Alert!
was given on Apr 19, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.00. Resistance: Is at $69.75.
Point & Figure: Reversed to the upside on Apr 19, 2001. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! VERITAS SOFTWARE
(VRTS-Nasdaq) @ $64.50 Stop: Use a protective stop of $61.62.
VERITAS SOFTWARE is currently trading @ $64.24 plus $7.67 on Apr 19, 2001. Price Objective:
$79.00. Risk/Reward: $2.88 VS. $14.50. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2.88 VS. $14.50
Risk/Reward Ratio:
5:1
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