MAVERICK TUBE CORP
(MVK-NYSE):
Technical Viewpoint: From a low
of $19.80 on May 10, 2004 prices
rallied, reaching a
high of $27.26
on Jun 24, 2004. A
decline saw prices pull back, reaching a
low of
$25.66 on Jul 9, 2004.
Another rally saw prices penetrate
resistance, closing 7/16/04
at $28.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 8, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 16, 2004. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! MAVERICK TUBE CORP
(MVK-NYSE) @ $29.38 Stop: Use a protective stop of $27.38.
MAVERICK TUBE CORP is currently trading @ $28.99 plus $1.59 on Jul 16, 2004. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $10.12. 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. $10.12
Risk/Reward Ratio:
5:1
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