TEKTRONIX INC
(TEK-NYSE):
Technical Viewpoint: From a low
of $26.87 on Nov 18, 2003 prices
rallied, reaching a
high of $32.90
on Jan 5, 2004. A
decline saw prices pull back, reaching a
low of
$29.89 on Jan 29, 2004.
Another rally saw prices penetrate
resistance, closing 2/9/04
at $34.34. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 6, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 9, 2004. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! TEKTRONIX INC
(TEK-NYSE) @ $35.13 Stop: Use a protective stop of $33.13.
TEKTRONIX INC is currently trading @ $34.34 plus $1.47 on Feb 9, 2004. Price Objective:
$44.50. Risk/Reward: $2.00 VS. $11.37. 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:
$44.50
Risk/Reward:
$2.00 VS. $11.37
Risk/Reward Ratio:
6:1
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