SNAP-ON
(SNA-NYSE):
Technical Viewpoint: From a low
of $28.86 on May 15, 2009 prices
rallied, reaching a
high of $33.42
on Jun 2, 2009. A
decline saw prices pull back, reaching a
low of
$26.03 on Jul 8, 2009.
Another rally saw prices penetrate
resistance, closing 7/31/09
at $35.63. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 17, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.28. Resistance: Is at $36.50.
Point & Figure: Reversed to the upside on Jul 15, 2009. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! Snap-On
(SNA-NYSE) @ $38.88 Stop: Use a protective stop of $36.88.
Snap-On is currently trading @ $35.63 plus $2.40 on Jul 31, 2009. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $10.62. 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:
$49.50
Risk/Reward:
$2.00 VS. $10.62
Risk/Reward Ratio:
5:1
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