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EGGHEAD.COM
(EGGS-Nasdaq):
Technical Viewpoint: From a high
of $15.06 on Jan 29, 1999 prices
declined, reaching a
low of $22 3/4
on Mar 8, 1999. A
rally saw prices pull back, reaching a
high of
$12.00 on Mar 24, 1999.
Another decline saw prices penetrate
support, closing 3/23/99
at $20 1/4. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Mar 19, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.00. Resistance: Is at $23.00.
Point & Figure: Reversed to the downside on Feb 23, 1999. A P&F downside
reversal takes place at $18.00. Summary: Technical indicators have turned bearish. SELL! EGGHEAD.COM
(EGGS-Nasdaq) @ $21 5/8 Stop: Use a protective stop of $19 1/2.
EGGHEAD.COM is currently trading @ $20 1/4 minus $1.95 on Mar 23, 1999. Price Objective:
$45.00. Risk/Reward: $2 1/8 VS. $23 3/8. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2 1/8 VS. $23 3/8
Risk/Reward Ratio:
11:1
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