CAREER EDUCATION
(CECO-Nasdaq):
Technical Viewpoint: From a low
of $45.79 on Mar 12, 2003 prices
rallied, reaching a
high of $52.60
on Apr 2, 2003. A
decline saw prices pull back, reaching a
low of
$49.47 on Apr 8, 2003.
Another rally saw prices penetrate
resistance, closing 4/28/03
at $58.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 23, 2003. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! CAREER EDUCATION
(CECO-Nasdaq) @ $58.75 Stop: Use a protective stop of $56.25.
CAREER EDUCATION is currently trading @ $58.60 plus $2.51 on Apr 28, 2003. Price Objective:
$70.50. Risk/Reward: $2.50 VS. $11.75. 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:
$70.50
Risk/Reward:
$2.50 VS. $11.75
Risk/Reward Ratio:
5:1
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