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TUESDAY MORNING CORP
(TUES-Nasdaq):
Technical Viewpoint: From a low
of $24.60 on May 20, 2004 prices
rallied, reaching a
high of $30.16
on Jun 9, 2004. A
decline saw prices pull back, reaching a
low of
$28.44 on Jun 22, 2004.
Another rally saw prices penetrate
resistance, closing 7/9/04
at $33.47. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 4, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.50. Resistance: Is at $34.67.
Point & Figure: Reversed to the upside on Jul 9, 2004. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! TUESDAY MORNING CORP
(TUES-Nasdaq) @ $33.75 Stop: Use a protective stop of $31.75.
TUESDAY MORNING CORP is currently trading @ $33.47 plus $0.99 on Jul 9, 2004. Price Objective:
$46.50. Risk/Reward: $2.00 VS. $12.75. 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:
$46.50
Risk/Reward:
$2.00 VS. $12.75
Risk/Reward Ratio:
6:1
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