CHECKFREE CORP
(CKFR-Nasdaq):
Technical Viewpoint: From a low
of $33 3/8 on Oct 12, 2000 prices
rallied, reaching a
high of $62 1/2
on Nov 8, 2000. A
decline saw prices pull back, reaching a
low of
$42 1/4 on Nov 22, 2000.
Another rally saw prices penetrate
resistance, closing 12/12/00
at $58 7/8. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 12, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $50.00. Resistance: Is at $58.00.
Point & Figure: Reversed to the upside on Dec 12, 2000. A P&F upside
reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! CHECKFREE CORP
(CKFR-Nasdaq) @ $59 1/4 Stop: Use a protective stop of $56 1/2.
CHECKFREE CORP is currently trading @ $58 7/8 plus $4 5/8 on Dec 12, 2000. Price Objective:
$75.00. Risk/Reward: $2 3/4 VS. $15 3/4. Today's Risk Reward Ratio: 6:1
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