DIGITAL RIVER
(DRIV-Nasdaq):
Technical Viewpoint: From a low
of $17.28 on Jun 25, 2003 prices
rallied, reaching a
high of $26.37
on Jul 9, 2003. A
decline saw prices pull back, reaching a
low of
$18.93 on Jul 24, 2003.
Another rally saw prices penetrate
resistance, closing 8/26/03
at $26.68. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 18, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 20, 2003. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! DIGITAL RIVER
(DRIV-Nasdaq) @ $26.88 Stop: Use a protective stop of $24.88.
DIGITAL RIVER is currently trading @ $26.68 plus $2.43 on Aug 26, 2003. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $8.12. Today's Risk Reward Ratio: 4:1
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