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CAMBRIDGE TECH PARTNERS
(CATP-Nasdaq):
Technical Viewpoint: From a low
of $17 3/8 on Nov 25, 1998 prices
rallied, reaching a
high of $29 1/2
on Jan 11, 1999. A
decline saw prices pull back, reaching a
low of
$24.06 on Jan 22, 1999.
Another rally saw prices penetrate
resistance, closing 2/4/99
at $31.06. Technicals: RSI Index (RSI): A Buy Alert!
was given on Feb 4, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $28.00. Resistance: Is at $31 7/8.
Point & Figure: Reversed to the upside on Jan 29, 1999. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! CAMBRIDGE TECH PARTNERS
(CATP-Nasdaq) @ $31 3/4 Stop: Use a protective stop of $29 1/4.
CAMBRIDGE TECH PARTNERS is currently trading @ $31.06 plus $2.93 on Feb 4, 1999. Price Objective:
$41.00. Risk/Reward: $2 1/2 VS. $9 1/4. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$41.00
Risk/Reward:
$2 1/2 VS. $9 1/4
Risk/Reward Ratio:
4:1
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