EMBARQ CORP
(EQ-NYSE):
Technical Viewpoint: From a low
of $42.35 on Jul 16, 2008 prices
rallied, reaching a
high of $47.93
on Jul 23, 2008. A
decline saw prices pull back, reaching a
low of
$43.28 on Jul 30, 2008.
Another rally saw prices penetrate
resistance, closing 8/15/08
at $49.30. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 11, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 31, 2008. A P&F upside
reversal takes place at $46.00. Summary: Technical indicators have turned bullish. BUY! Embarq Corp
(EQ-NYSE) @ $49.50 Stop: Use a protective stop of $47.50.
Embarq Corp is currently trading @ $49.30 plus $1.81 on Aug 15, 2008. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $10.00. 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:
$59.50
Risk/Reward:
$2.00 VS. $10.00
Risk/Reward Ratio:
5:1
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