BUILDING MATERIALS HLDG
(BMHC-Nasdaq):
Technical Viewpoint: From a low
of $17.17 on Jul 26, 2004 prices
rallied, reaching a
high of $22.50
on Aug 2, 2004. A
decline saw prices pull back, reaching a
low of
$20.42 on Aug 10, 2004.
Another rally saw prices penetrate
resistance, closing 9/12/04
at $23.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 28, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $22.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 12, 2004. A P&F upside
reversal takes place at $22.75. Summary: Technical indicators have turned bullish. BUY! BUILDING MATERIALS HLDG
(BMHC-Nasdaq) @ $23.88 Stop: Use a protective stop of $21.88.
BUILDING MATERIALS HLDG is currently trading @ $23.60 plus $1.55 on Aug 12, 2004. Price Objective:
$33.50. Risk/Reward: $2.00 VS. $9.62. 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:
$33.50
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
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