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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 2/2/99
at $78 1/2. 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 $71.00. 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 $73 1/2. Summary: Technical indicators have turned bullish. BUY! GATEWAY 2000 INC
(GTW-NYSE) @ $78 7/8 Stop: Use a protective stop of $76 1/8.
GATEWAY 2000 INC is currently trading @ $78 1/2 plus $2 3/4 on Feb 3, 1999. Price Objective:
$99 3/4. Risk/Reward: $2 3/4 VS. $20 7/8. Today's Risk Reward Ratio: 7:1
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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:
$2 3/4 VS. $20 7/8
Risk/Reward Ratio:
7:1
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