ARIBA INC
(ARBA-Nasdaq):
Technical Viewpoint: From a low
of $88 7/8 on Jul 11, 2000 prices
rallied, reaching a
high of $135 1/8
on Jul 20, 2000. A
decline saw prices pull back, reaching a
low of
$102 3/8 on Jul 31, 2000.
Another rally saw prices penetrate
resistance, closing 8/24/00
at $150.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Aug 23, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $137.00. Resistance: Is at $172.00.
Point & Figure: Reversed to the upside on Aug 22, 2000. A P&F upside
reversal takes place at $142 1/2. Summary: Technical indicators have turned bullish. BUY! ARIBA INC
(ARBA-Nasdaq) @ $150 3/8 Stop: Use a protective stop of $146 7/8.
ARIBA INC is currently trading @ $150.00 plus $5 1/8 on Aug 24, 2000. Price Objective:
$174.00. Risk/Reward: $3 1/2 VS. $27 1/8. Today's Risk Reward Ratio: 8:1
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