SUPERIOR ENERGY SVCS
(SPN-NYSE):
Technical Viewpoint: From a low
of $28.20 on Jan 18, 2007 prices
rallied, reaching a
high of $31.12
on Feb 5, 2007. A
decline saw prices pull back, reaching a
low of
$28.74 on Feb 20, 2007.
Another rally saw prices penetrate
resistance, closing 3/3/07
at $32.72. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 30, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.43. Resistance: Is at $32.99.
Point & Figure: Reversed to the upside on Mar 2, 2007. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! SUPERIOR ENERGY SVCS
(SPN-NYSE) @ $33.13 Stop: Use a protective stop of $31.13.
SUPERIOR ENERGY SVCS is currently trading @ $32.72 plus $1.47 on Mar 2, 2007. Price Objective:
$35.50. Risk/Reward: $2.00 VS. $9.37. 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:
$35.50
Risk/Reward:
$2.00 VS. $9.37
Risk/Reward Ratio:
5:1
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