USWEB CORP
(USWB-Nasdaq):
Technical Viewpoint: From a low
of $18.00 on Jun 17, 1999 prices
rallied, reaching a
high of $27 1/2
on Jul 16, 1999. A
decline saw prices pull back, reaching a
low of
$19.00 on Aug 31, 1999.
Another rally saw prices penetrate
resistance, closing 9/21/99
at $31 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 3, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.00. Resistance: Is at $34.00.
Point & Figure: Reversed to the upside on Sep 20, 1999. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! USWEB CORP
(USWB-Nasdaq) @ $32 1/8 Stop: Use a protective stop of $29 7/8.
USWEB CORP is currently trading @ $31 3/4 plus $1.31 on Sep 21, 1999. Price Objective:
$46 1/2. Risk/Reward: $2 1/4 VS. $14 3/8. Today's Risk Reward Ratio: 6:1
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