SCANSOURCE INC
(SCSC-Nasdaq):
Technical Viewpoint: From a low
of $25.50 on Jun 23, 2003 prices
rallied, reaching a
high of $34.38
on Jul 24, 2003. A
decline saw prices pull back, reaching a
low of
$31.40 on Aug 7, 2003.
Another rally saw prices penetrate
resistance, closing 8/15/03
at $38.36. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 15, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 15, 2003. A P&F upside
reversal takes place at $37.50. Summary: Technical indicators have turned bullish. BUY! SCANSOURCE INC
(SCSC-Nasdaq) @ $39.13 Stop: Use a protective stop of $37.13.
SCANSOURCE INC is currently trading @ $38.36 plus $4.23 on Aug 15, 2003. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $10.38. 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:
$49.50
Risk/Reward:
$2.00 VS. $10.38
Risk/Reward Ratio:
5:1
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