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TEKTRONIX INC
(TEK-NYSE):
Technical Viewpoint: From a low
of $20.09 on Aug 11, 2003 prices
rallied, reaching a
high of $24.67
on Sep 4, 2003. A
decline saw prices pull back, reaching a
low of
$23.31 on Sep 10, 2003.
Another rally saw prices penetrate
resistance, closing 9/19/03
at $25.67. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.38. Resistance: Is at $26.60.
Point & Figure: Reversed to the upside on Sep 17, 2003. A P&F upside
reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! TEKTRONIX INC
(TEK-NYSE) @ $25.88 Stop: Use a protective stop of $23.88.
TEKTRONIX INC is currently trading @ $25.67 plus $1.32 on Sep 19, 2003. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $10.12. 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:
$36.00
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1
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