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NAM TAI ELECTRONICS INC
(NTE-NYSE):
Technical Viewpoint: From a low
of $28.05 on May 23, 2003 prices
rallied, reaching a
high of $36.40
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$32.05 on Jun 20, 2003.
Another rally saw prices penetrate
resistance, closing 6/27/03
at $42.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 26, 2003. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! NAM TAI ELECTRONICS INC
(NTE-NYSE) @ $42.38 Stop: Use a protective stop of $40.38.
NAM TAI ELECTRONICS INC is currently trading @ $42.11 plus $3.69 on Jun 27, 2003. Price Objective:
$62.00. Risk/Reward: $2.00 VS. $19.62. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.00
Risk/Reward:
$2.00 VS. $19.62
Risk/Reward Ratio:
10:1
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