CMGI INC
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $78.00 on Sep 2, 1999 prices
rallied, reaching a
high of $91 3/8
on Sep 10, 1999. A
decline saw prices pull back, reaching a
low of
$79.44 on Sep 20, 1999.
Another rally saw prices penetrate
resistance, closing 9/28/99
at $97.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 28, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $82.00. Resistance: Is at $104.00.
Point & Figure: Reversed to the upside on Sep 27, 1999. A P&F upside
reversal takes place at $92.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $98 5/8 Stop: Use a protective stop of $95 7/8.
CMGI INC is currently trading @ $97.94 plus $4.81 on Sep 28, 1999. Price Objective:
$123.00. Risk/Reward: $2 3/4 VS. $24 3/8. Today's Risk Reward Ratio: 9:1
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