HOVNANIAN ENTERPRISES
(HOV-NYSE):
Technical Viewpoint: From a low
of $24.70 on Aug 2, 2002 prices
rallied, reaching a
high of $33.46
on Aug 27, 2002. A
decline saw prices pull back, reaching a
low of
$29.50 on Sep 3, 2002.
Another rally saw prices penetrate
resistance, closing 9/4/02
at $33.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 22, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.00. Resistance: Is at $35.85.
Point & Figure: Reversed to the upside on Sep 4, 2002. A P&F upside
reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! HOVNANIAN ENTERPRISES
(HOV-NYSE) @ $34.13 Stop: Use a protective stop of $32.13.
HOVNANIAN ENTERPRISES is currently trading @ $33.72 plus $3.78 on Sep 4, 2002. Price Objective:
$43.00. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$43.00
Risk/Reward:
$2.00 VS. $8.88
Risk/Reward Ratio:
4:1
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