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FASTERNAL COMPANY
(FAST-Nasdaq):
Technical Viewpoint: From a low
of $48.46 on May 19, 2004 prices
rallied, reaching a
high of $56.83
on Jun 30, 2004. A
decline saw prices pull back, reaching a
low of
$53.89 on Jul 8, 2004.
Another rally saw prices penetrate
resistance, closing 7/13/04
at $59.63. 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 $54.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 13, 2004. A P&F upside
reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! FASTERNAL COMPANY
(FAST-Nasdaq) @ $60.38 Stop: Use a protective stop of $57.88.
FASTERNAL COMPANY is currently trading @ $59.63 plus $5.22 on Jul 13, 2004. Price Objective:
$78.00. Risk/Reward: $2.50 VS. $17.62. 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:
$78.00
Risk/Reward:
$2.50 VS. $17.62
Risk/Reward Ratio:
7:1
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