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CENTRAL FUND OF CANADA
(CEF-NYSE):
Technical Viewpoint: From a low
of $13.51 on Mar 24, 2010 prices
rallied, reaching a
high of $14.78
on Apr 12, 2010. A
decline saw prices pull back, reaching a
low of
$14.08 on Apr 19, 2010.
Another rally saw prices penetrate
resistance, closing 5/7/10
at $15.30. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 7, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $14.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 3, 2010. A P&F upside
reversal takes place at $13.50. Summary: Technical indicators have turned bullish. BUY! CENTRAL FUND OF CANADA
(CEF-NYSE) @ $15.13 Stop: Use a protective stop of $13.63.
CENTRAL FUND OF CANADA is currently trading @ $15.30 plus $0.22 on May 7, 2010. Price Objective:
$22.00. Risk/Reward: $1.50 VS. $6.87. 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:
$22.00
Risk/Reward:
$1.50 VS. $6.87
Risk/Reward Ratio:
5:1
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