NEOWARE SYSTEM INC
(NWRE-Nasdaq):
Technical Viewpoint: From a low
of $12.41 on Aug 1, 2002 prices
rallied, reaching a
high of $15.02
on Aug 12, 2002. A
decline saw prices pull back, reaching a
low of
$13.50 on Aug 14, 2002.
Another rally saw prices penetrate
resistance, closing 8/28/02
at $18.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 29, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $15.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 23, 2002. A P&F upside
reversal takes place at $17.00. Summary: Technical indicators have turned bullish. BUY! NEOWARE SYSTEM INC
(NWRE-Nasdaq) @ $18.88 Stop: Use a protective stop of $17.38.
NEOWARE SYSTEM INC is currently trading @ $18.72 plus $2.03 on Aug 28, 2002. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $11.00. Today's Risk Reward Ratio: 7:1
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