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RSCS CONNECTION
(RECN-Nasdaq):
Technical Viewpoint: From a low
of $37.53 on May 10, 2004 prices
rallied, reaching a
high of $44.39
on May 26, 2004. A
decline saw prices pull back, reaching a
low of
$42.13 on May 28, 2004.
Another rally saw prices penetrate
resistance, closing 6/2/04
at $46.13. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 25, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 28, 2004. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! RSCS CONNECTION
(RECN-Nasdaq) @ $47.25 Stop: Use a protective stop of $45.25.
RSCS CONNECTION is currently trading @ $46.13 plus $3.12 on Jun 2, 2004. Price Objective:
$60.00. Risk/Reward: $2.00 VS. $14.75. 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:
$60.00
Risk/Reward:
$2.00 VS. $14.75
Risk/Reward Ratio:
7:1
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