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ATLAS AMERICA INC
(ATLS-Nasdaq):
Technical Viewpoint: From a low
of $48.35 on Feb 7, 2008 prices
rallied, reaching a
high of $63.61
on Feb 28, 2008. A
decline saw prices pull back, reaching a
low of
$55.97 on Mar 20, 2008.
Another rally saw prices penetrate
resistance, closing 4/11/08
at $67.01. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 4, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $63.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 24, 2008. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! ATLAS AMERICA INC
(ATLS-Nasdaq) @ $67.50 Stop: Use a protective stop of $65.13.
ATLAS AMERICA INC is currently trading @ $67.01 plus $3.35 on Apr 11, 2008. Price Objective:
$79.50. Risk/Reward: $2.37 VS. $12.00. 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:
$79.50
Risk/Reward:
$2.37 VS. $12.00
Risk/Reward Ratio:
5:1
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