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RAVEN INDUSTRIES INC
(RAVN-Nasdaq):
Technical Viewpoint: From a low
of $28.00 on Apr 9, 2010 prices
rallied, reaching a
high of $31.86
on May 3, 2010. A
decline saw prices pull back, reaching a
low of
$28.66 on May 6, 2010.
Another rally saw prices penetrate
resistance, closing 5/21/10
at $36.68. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 12, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $32.10. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 10, 2010. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! RAVEN INDUSTRIES INC
(RAVN-Nasdaq) @ $37.13 Stop: Use a protective stop of $35.13.
RAVEN INDUSTRIES INC is currently trading @ $36.68 plus $3.96 on May 21, 2010. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $12.37. Today's Risk Reward Ratio: 6:1
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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. $12.37
Risk/Reward Ratio:
6:1
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