SARENA SOFTWARE
(SRNA-Nasdaq):
Technical Viewpoint: From a low
of $25.30 on May 30, 2001 prices
rallied, reaching a
high of $31.75
on Jun 8, 2001. A
decline saw prices pull back, reaching a
low of
$24.64 on Jun 20, 2001.
Another rally saw prices penetrate
resistance, closing 6/27/01
at $33.29. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jun 27, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $27.00. Resistance: Is at $46.22.
Point & Figure: Reversed to the upside on Jun 27, 2001. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! SARENA SOFTWARE
(SRNA-Nasdaq) @ $33.87 Stop: Use a protective stop of $31.25.
SARENA SOFTWARE is currently trading @ $33.29 plus $4.99 on Jun 27, 2001. Price Objective:
$48.00. Risk/Reward: $2.62 VS. $14.13. Today's Risk Reward Ratio: 5:1
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