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| 5/18/99 BMC Software
(BMCS)
Points to watch: BMCS bottomed in March and has
since rallied back to resistance. The stock closed Monday near 2 important
resistance points: its 200 day moving average at 44.85 which has acted as resistance
since mid-December, and just below 45.13 (the 50% retracement of its September 1998- March
1999 decline which has acted as resistance since late April). A break above this
resistance would be a strong buy signal. Technical indicators continue to support a
move to higher prices. Daily MACD gave a buy signal on 4/29 and daily RSI is at 64
and rising strongly. Stochastics and OBV are also strongly positive.
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