BUY! LUMINEX CP (LMNX) Nasdaq

  Report No. 2288    Analysis by: Harry Aloof     AUGUST 4, 2008

LUMINEX CP (LMNX-Nasdaq): Technical Viewpoint: From a low of $18.00 on May 9, 2008 prices rallied, reaching a high of $23.09 on Jun 5, 2008. A decline saw prices pull back, reaching a low of $19.41 on Jul 7, 2008. Another rally saw prices penetrate resistance, closing 8/1/08 at $23.83. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 11, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $19.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 24, 2008. A P&F upside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! LUMINEX CP (LMNX-Nasdaq) @ $23.88 Stop: Use a protective stop of $21.88. LUMINEX CP is currently trading @ $23.83 plus $1.83 on Aug 1, 2008. Price Objective: $32.50. Risk/Reward: $2.00 VS. $8.62. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$32.50 Risk/Reward:
$2.00 VS. $8.62 Risk/Reward Ratio:
4:1
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