COMPUWARE CORP
(CPWR-Nasdaq):
Technical Viewpoint: From a low
of $23 3/4 on May 14, 1999 prices
rallied, reaching a
high of $32.00
on Jun 2, 1999. A
decline saw prices pull back, reaching a
low of
$25.69 on Jun 11, 1999.
Another rally saw prices penetrate
resistance, closing 6/28/99
at $31 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 28, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $32.00.
Point & Figure: Reversed to the upside on Jun 16, 1999. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! COMPUWARE CORP
(CPWR-Nasdaq) @ $32 1/8 Stop: Use a protective stop of $29 7/8.
COMPUWARE CORP is currently trading @ $31 7/8 plus $1 7/8 on Jun 28, 1999. Price Objective:
$41.00. Risk/Reward: $2 1/4 VS. $8 7/8. Today's Risk Reward Ratio: 4:1
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