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SIGNATURE BANK
(SBNY-Nasdaq):
Technical Viewpoint: From a low
of $31.57 on Apr 5, 2006 prices
rallied, reaching a
high of $36.95
on May 2, 2006. A
decline saw prices pull back, reaching a
low of
$34.73 on May 23, 2006.
Another rally saw prices penetrate
resistance, closing 5/26/06
at $37.49. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 26, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 3, 2006. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! SIGNATURE BANK
(SBNY-Nasdaq) @ $37.63 Stop: Use a protective stop of $35.63.
SIGNATURE BANK is currently trading @ $37.49 plus $0.88 on May 26, 2006. Price Objective:
$46.50. Risk/Reward: $2.00 VS. $8.87. 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:
$46.50
Risk/Reward:
$2.00 VS. $8.87
Risk/Reward Ratio:
4:1
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