|
COMPUTER ASSOCIATES
(CA-NYSE):
Technical Viewpoint: From a low
of $22.38 on Sep 21, 2001 prices
rallied, reaching a
high of $30.13
on Oct 11, 2001. A
decline saw prices pull back, reaching a
low of
$27.25 on Oct 18, 2001.
Another rally saw prices penetrate
resistance, closing 10/23/01
at $31.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.75. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Oct 19, 2001. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! COMPUTER ASSOCIATES
(CA-NYSE) @ $31.13 Stop: Use a protective stop of $28.63.
COMPUTER ASSOCIATES is currently trading @ $31.00 plus $0.95 on Oct 23, 2001. Price Objective:
$46.00. Risk/Reward: $2.50 VS. $14.88. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$46.00
Risk/Reward:
$2.50 VS. $14.88
Risk/Reward Ratio:
6:1
|
