CMGI INC
(CMGI-Nasdaq):
Technical Viewpoint: From a low
of $80 1/2 on Jan 22, 1999 prices
rallied, reaching a
high of $133 3/8
on Feb 1, 1999. A
decline saw prices pull back, reaching a
low of
$82.00 on Feb 10, 1999.
Another rally saw prices penetrate
resistance, closing 3/5/99
at $152.19. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Mar 8, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $138.00. Resistance: Is at $153.00.
Point & Figure: Reversed to the upside on Mar 5, 1999. A P&F upside
reversal takes place at $141.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC
(CMGI-Nasdaq) @ $152 3/4 Stop: Use a protective stop of $149 1/4.
CMGI INC is currently trading @ $152.19 plus $12.81 on Mar 8, 1999. Price Objective:
$178 1/2. Risk/Reward: $3 1/2 VS. $25 3/4. Today's Risk Reward Ratio: 7:1
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