PSS WORLD MEDICAL INC
(PSSI-Nasdaq):
Technical Viewpoint: From a low
of $9.32 on Nov 10, 2003 prices
rallied, reaching a
high of $12.11
on Dec 15, 2003. A
decline saw prices pull back, reaching a
low of
$10.85 on Dec 19, 2003.
Another rally saw prices penetrate
resistance, closing 12/23/03
at $12.30. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 30, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $11.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 13, 2003. A P&F upside
reversal takes place at $11.75. Summary: Technical indicators have turned bullish. BUY! PSS WORLD MEDICAL INC
(PSSI-Nasdaq) @ $12.63 Stop: Use a protective stop of $11.13.
PSS WORLD MEDICAL INC is currently trading @ $12.30 plus $1.11 on Dec 23, 2003. Price Objective:
$24.50. Risk/Reward: $1.50 VS. $11.87. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$24.50
Risk/Reward:
$1.50 VS. $11.87
Risk/Reward Ratio:
8:1
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