LONE STAR TECHNOLOGIES
(LSS-NYSE):
Technical Viewpoint: From a low
of $18.19 on May 20, 2004 prices
rallied, reaching a
high of $28.51
on Jul 6, 2004. A
decline saw prices pull back, reaching a
low of
$26.13 on Jul 13, 2004.
Another rally saw prices penetrate
resistance, closing 7/15/04
at $28.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.50. Resistance: Is at $24.50.
Point & Figure: Reversed to the upside on Jul 9, 2004. A P&F upside
reversal takes place at $27.50. Summary: Technical indicators have turned bullish. BUY! LONE STAR TECHNOLOGIES
(LSS-NYSE) @ $29.25 Stop: Use a protective stop of $27.25.
LONE STAR TECHNOLOGIES is currently trading @ $28.90 plus $1.50 on Jul 15, 2004. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $10.25. 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:
$39.50
Risk/Reward:
$2.00 VS. $10.25
Risk/Reward Ratio:
5:1
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