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GATEWAY 2000 INC
(GTW-NYSE):
Technical Viewpoint: From a low
of $49 1/4 on Dec 14, 1998 prices
rallied, reaching a
high of $59 3/4
on Jan 8, 1999. A
decline saw prices pull back, reaching a
low of
$53 3/4 on Jan 15, 1999.
Another rally saw prices penetrate
resistance, closing 1/25/99
at $68 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $54 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 20, 1999. A P&F upside
reversal takes place at $58 1/2. Summary: Technical indicators have turned bullish. BUY! Gateway 2000 Inc
(GTW-NYSE) @ $69 1/8 Stop: Use a protective stop of $65 7/8.
Gateway 2000 Inc is currently trading @ $68 7/8 plus $6 3/8 on Jan 25, 1999. Price Objective:
$99 3/4. Risk/Reward: $3 1/4 VS. $30 5/8. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99 3/4
Risk/Reward:
$3 1/4 VS. $30 5/8
Risk/Reward Ratio:
9:1
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