|
CONTINTAL AIRLINES
(CAL-NYSE):
Technical Viewpoint: From a low
of $12.86 on Nov 27, 2009 prices
rallied, reaching a
high of $21.58
on Jan 21, 2010. A
decline saw prices pull back, reaching a
low of
$16.82 on Feb 5, 2010.
Another rally saw prices penetrate
resistance, closing 2/26/10
at $20.66. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 18, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $19.18. Resistance: Is at $21.58.
Point & Figure: Reversed to the upside on Feb 9, 2010. A P&F upside
reversal takes place at $19.00. Summary: Technical indicators have turned bullish. BUY! CONTINTAL AIRLINES
(CAL-NYSE) @ $20.88 Stop: Use a protective stop of $19.38.
CONTINTAL AIRLINES is currently trading @ $20.66 plus $0.84 on Feb 26, 2010. Price Objective:
$29.75. Risk/Reward: $1.50 VS. $8.87. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$29.75
Risk/Reward:
$1.50 VS. $8.87
Risk/Reward Ratio:
6:1
|
