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TITANIUM METALS CORP
(TIE-NYSE):
Technical Viewpoint: From a low
of $23.50 on Jan 7, 2005 prices
rallied, reaching a
high of $26.15
on Jan 13, 2005. A
decline saw prices pull back, reaching a
low of
$24.36 on Jan 21, 2005.
Another rally saw prices penetrate
resistance, closing 1/28/05
at $28.87. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 28, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 28, 2005. A P&F upside
reversal takes place at $27.50. Summary: Technical indicators have turned bullish. BUY! TITANIUM METALS CORP
(TIE-NYSE) @ $29.25 Stop: Use a protective stop of $27.25.
TITANIUM METALS CORP is currently trading @ $28.87 plus $3.22 on Jan 28, 2005. Price Objective:
$42.50. Risk/Reward: $2.00 VS. $13.25. 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:
$42.50
Risk/Reward:
$2.00 VS. $13.25
Risk/Reward Ratio:
7:1
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