COMMERCE ONE INC
(CMRC-Nasdaq):
Technical Viewpoint: From a low
of $64.00 on Sep 22, 2000 prices
rallied, reaching a
high of $84 1/8
on Sep 29, 2000. A
decline saw prices pull back, reaching a
low of
$51 1/2 on Oct 13, 2000.
Another rally saw prices penetrate
resistance, closing 10/23/00
at $75 3/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 23, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $63.00. Resistance: Is at $82 3/8.
Point & Figure: Reversed to the upside on Oct 19, 2000. A P&F upside
reversal takes place at $70 1/2. Summary: Technical indicators have turned bullish. BUY! COMMERCE ONE INC
(CMRC-Nasdaq) @ $75 7/8 Stop: Use a protective stop of $73 1/8.
COMMERCE ONE INC is currently trading @ $75 3/8 plus $5 3/8 on Oct 23, 2000. Price Objective:
$106 1/2. Risk/Reward: $2 3/4 VS. $30 5/8. Today's Risk Reward Ratio: 11:1
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