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JEFFERIES GROUP
(JEF-NYSE):
Technical Viewpoint: From a low
of $23.90 on Mar 14, 2007 prices
rallied, reaching a
high of $29.42
on Mar 27, 2007. A
decline saw prices pull back, reaching a
low of
$28.02 on Apr 2, 2007.
Another rally saw prices penetrate
resistance, closing 4/27/07
at $32.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 22, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.00. Resistance: Is at $34.00.
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! JEFFERIES GROUP
(JEF-NYSE) @ $29.88 Stop: Use a protective stop of $27.88.
JEFFERIES GROUP is currently trading @ $32.50 plus $2.36 on Apr 27, 2007. Price Objective:
$39.75. Risk/Reward: $2.00 VS. $9.87. 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:
$39.75
Risk/Reward:
$2.00 VS. $9.87
Risk/Reward Ratio:
5:1
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