CHARLES RIVER LABS
(CRL-NYSE):
Technical Viewpoint: From a low
of $37.82 on Mar 17, 2010 prices
rallied, reaching a
high of $40.38
on Apr 5, 2010. A
decline saw prices pull back, reaching a
low of
$39.25 on Apr 8, 2010.
Another rally saw prices penetrate
resistance, closing 4/9/10
at $41.56. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 9, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 24, 2010. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! CHARLES RIVER LABS
(CRL-NYSE) @ $41.75 Stop: Use a protective stop of $39.75.
CHARLES RIVER LABS is currently trading @ $41.56 plus $2.07 on Apr 10, 2010. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $7.75. Today's Risk Reward Ratio: 4:1
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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. $7.75
Risk/Reward Ratio:
4:1
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