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COINSTAR INC
(CSTR-Nasdaq):
Technical Viewpoint: From a low
of $17.50 on Aug 10, 2004 prices
rallied, reaching a
high of $22.10
on Sep 13, 2004. A
decline saw prices pull back, reaching a
low of
$20.50 on Sep 20, 2004.
Another rally saw prices penetrate
resistance, closing 9/21/04
at $22.63. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 1, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 3, 2004. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! COINSTAR INC
(CSTR-Nasdaq) @ $22.75 Stop: Use a protective stop of $20.75.
COINSTAR INC is currently trading @ $22.63 plus $1.93 on Sep 21, 2004. Price Objective:
$32.75. Risk/Reward: $2.00 VS. $10.00. 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:
$32.75
Risk/Reward:
$2.00 VS. $10.00
Risk/Reward Ratio:
5:1
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