A O SMITH CORPORATION (AOS)NYSE
  Report No. 590    Analysis by: Harry Aloof     SEPTEMBER 14, 2008

A O SMITH CORPORATION (AOS-NYSE): Technical Viewpoint: From a low of $30.70 on Jul 11, 2008 prices rallied, reaching a high of $43.64 on Aug 14, 2008. A decline saw prices pull back, reaching a low of $39.01 on Aug 21, 2008. Another rally saw prices penetrate resistance line "A", closing 9/12/08 at $44.20. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 12, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $41.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 12, 2008. A P&F downside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! A O SMITH CORPORATION (AOS-NYSE) @ $44.38 Stop: Use a protective stop of $42.38. A O SMITH CORPORATION is currently trading @ $44.20 plus $1.75 on Sep 12, 2008. Price Objective: $54.50. Risk/Reward: $2.00 VS. $10.12. Today's Risk Reward Ratio: 5:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$54.50
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1

 

 

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