MIDDLEBY CORPORATION
(MIDD-Nasdaq):
Technical Viewpoint: From a low
of $45.80 on Apr 29, 2005 prices
rallied, reaching a
high of $57.11
on Jun 7, 2005. A
decline saw prices pull back, reaching a
low of
$51.26 on Jul 7, 2005.
Another rally saw prices penetrate
resistance, closing 7/15/05
at $59.36. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 11, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 11, 2005. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! MIDDLEBY CORPORATION
(MIDD-Nasdaq) @ $59.88 Stop: Use a protective stop of $57.38.
MIDDLEBY CORPORATION is currently trading @ $59.36 plus $3.28 on Jul 15, 2005. Price Objective:
$69.75. Risk/Reward: $2.50 VS. $9.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.75
Risk/Reward:
$2.50 VS. $9.88
Risk/Reward Ratio:
4:1
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