AMERICAN CAPITAL STRAT
(ACAS-Nasdaq):
Technical Viewpoint: From a low
of $27.80 on Jul 9, 2004 prices
rallied, reaching a
high of $29.70
on Jul 21, 2004. A
decline saw prices pull back, reaching a
low of
$28.20 on Jul 27, 2004.
Another rally saw prices penetrate
resistance, closing 8/4/04
at $30.08. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 21, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 9, 2004. A P&F upside
reversal takes place at $28.50. Summary: Technical indicators have turned bullish. BUY! AMERICAN CAPITAL STRAT
(ACAS-Nasdaq) @ $30.25 Stop: Use a protective stop of $28.25.
AMERICAN CAPITAL STRAT is currently trading @ $30.08 plus $1.27 on Aug 4, 2004. Price Objective:
$40.50. 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:
$40.50
Risk/Reward:
$2.00 VS. $10.25
Risk/Reward Ratio:
5:1
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