BUY! COMTECH TELECOMMUN (CMTL) Nasdaq

  Report No. 1923    Analysis by: Harry Aloof     JANUARY 13, 2004

COMTECH TELECOMMUN (CMTL-Nasdaq): Technical Viewpoint: From a low of $27.85 on Nov 20, 2003 prices rallied, reaching a high of $35.00 on Dec 1, 2003. A decline saw prices pull back, reaching a low of $26.67 on Dec 8, 2003. Another rally saw prices penetrate resistance, closing 1/12/04 at $37.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 7, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $32.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jan 12, 2004. A P&F upside reversal takes place at $35.25. Summary: Technical indicators have turned bullish. BUY! COMTECH TELECOMMUN (CMTL-Nasdaq) @ $37.88 Stop: Use a protective stop of $35.88. COMTECH TELECOMMUN is currently trading @ $37.56 plus $4.39 on Jan 12, 2004. Price Objective: $50.00. Risk/Reward: $2.00 VS. $12.13. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$50.00 Risk/Reward:
$2.00 VS. $12.13 Risk/Reward Ratio:
6:1
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