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CERIDAN CP
(CEN-NYSE):
Technical Viewpoint: From a low
of $30.22 on Feb 9, 2007 prices
rallied, reaching a
high of $34.38
on Feb 15, 2007. A
decline saw prices pull back, reaching a
low of
$31.56 on Mar 14, 2007.
Another rally saw prices penetrate
resistance, closing 3/30/07
at $34.84. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 27, 2007 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 Mar 30, 2007. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! CERIDAN CP
(CEN-NYSE) @ $30.75 Stop: Use a protective stop of $28.75.
CERIDAN CP is currently trading @ $34.84 plus $1.84 on Mar 30, 2007. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $7.25. 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:
$38.00
Risk/Reward:
$2.00 VS. $7.25
Risk/Reward Ratio:
4:1
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