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CIRCUIT CITY STORES
(CC-NYSE):
Technical Viewpoint: From a low
of $9.32 on Sep 30, 2003 prices
rallied, reaching a
high of $10.85
on Sep 15, 2003. A
decline saw prices pull back, reaching a
low of
$9.31 on Nov 6, 2003.
Another rally saw prices penetrate
resistance, closing 11/19/03
at $12.39. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 10, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $11.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 19, 2003. A P&F upside
reversal takes place at $11.75. Summary: Technical indicators have turned bullish. BUY! CIRCUIT CITY STORES
(CC-NYSE) @ $12.75 Stop: Use a protective stop of $11.25.
CIRCUIT CITY STORES is currently trading @ $12.39 plus $0.70 on Nov 19, 2003. Price Objective:
$22.50. Risk/Reward: $1.50 VS. $9.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$22.50
Risk/Reward:
$1.50 VS. $9.75
Risk/Reward Ratio:
6:1
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