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SMURFIT-STONE CONTAINER
(SSCC-Nasdaq):
Technical Viewpoint: From a low
of $15.50 on Nov 9, 2003 prices
rallied, reaching a
high of $19.14
on Jan 13, 2004. A
decline saw prices pull back, reaching a
low of
$16.51 on Feb 5, 2004.
Another rally saw prices penetrate
resistance, closing 2/20/04
at $18.52. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Feb 9, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $17.50. Resistance: Is at $19.14.
Point & Figure: Reversed to the upside on Feb 17, 2004. A P&F upside
reversal takes place at $17.75. Summary: Technical indicators have turned bullish. BUY! SMURFIT-STONE CONTAINER
(SSCC-Nasdaq) @ $18.75 Stop: Use a protective stop of $17.25.
SMURFIT-STONE CONTAINER is currently trading @ $18.52 plus $0.82 on Feb 20, 2004. Price Objective:
$30.00. Risk/Reward: $1.50 VS. $11.25. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$30.00
Risk/Reward:
$1.50 VS. $11.25
Risk/Reward Ratio:
7:1
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