MSC INDUSTRIAL DIRECT
(MSM-NYSE):
Technical Viewpoint: From a low
of $9.85 on Sep 30, 2002 prices
rallied, reaching a
high of $13.85
on Oct 28, 2002. A
decline saw prices pull back, reaching a
low of
$12.68 on Nov 7, 2002.
Another rally saw prices penetrate
resistance, closing 11/26/02
at $17.17. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.00. Resistance: Is at $17.45.
Point & Figure: Reversed to the upside on Nov 12, 2002. A P&F upside
reversal takes place at $15.50. Summary: Technical indicators have turned bullish. BUY! MSC INDUSTRIAL DIRECT
(MSM-NYSE) @ $17.38 Stop: Use a protective stop of $15.88.
MSC INDUSTRIAL DIRECT is currently trading @ $17.17 plus $1.07 on Nov 26, 2002. Price Objective:
$25.00. Risk/Reward: $1.50 VS. $7.63. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$25.00
Risk/Reward:
$1.50 VS. $7.63
Risk/Reward Ratio:
5:1
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