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EGL INCORPORATED
(EAGL-Nasdaq):
Technical Viewpoint: From a low
of $15.93 on Mar 22, 2004 prices
rallied, reaching a
high of $20.04
on Apr 8, 2004. A
decline saw prices pull back, reaching a
low of
$18.40 on Apr 30, 2004.
Another rally saw prices penetrate
resistance, closing 5/10/04
at $20.24. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 23, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 7, 2004. A P&F upside
reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! EGL INCORPORATED
(EAGL-Nasdaq) @ $20.75 Stop: Use a protective stop of $19.25.
EGL INCORPORATED is currently trading @ $20.24 plus $0.62 on May 10, 2004. Price Objective:
$29.00. Risk/Reward: $1.50 VS. $8.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.00
Risk/Reward:
$1.50 VS. $8.25
Risk/Reward Ratio:
5:1
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