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AIR T INC
(AIRT-Nasdaq):
Technical Viewpoint: From a low
of $13.70 on Sep 16, 2004 prices
rallied, reaching a
high of $28.41
on Sep 28, 2004. A
decline saw prices pull back, reaching a
low of
$20.60 on Oct 5, 2004.
Another rally saw prices penetrate
resistance, closing 10/22/04
at $28.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 10, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.88. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 22, 2004. A P&F upside
reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! AIR T INC
(AIRT-Nasdaq) @ $33.38 Stop: Use a protective stop of $31.38.
AIR T INC is currently trading @ $28.43 plus $2.35 on Oct 22, 2004. Price Objective:
$47.00. Risk/Reward: $2.00 VS. $13.62. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.00
Risk/Reward:
$2.00 VS. $13.62
Risk/Reward Ratio:
7:1
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