WHELLING-PITTSBURGH CORP
(WPSC-Nasdaq):
Technical Viewpoint: From a low
of $12.06 on May 12, 2004 prices
rallied, reaching a
high of $23.20
on Jun 22, 2004. A
decline saw prices pull back, reaching a
low of
$19.71 on Jul 26, 2004.
Another rally saw prices penetrate
resistance, closing 8/9/04
at $26.65. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 28, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 9, 2004. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! WHELLING-PITTSBURGH CORP
(WPSC-Nasdaq) @ $28.38 Stop: Use a protective stop of $26.38.
WHELLING-PITTSBURGH CORP is currently trading @ $26.65 plus $2.78 on Aug 9, 2004. Price Objective:
$38.50. 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:
$38.50
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1
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