CHINA YUCHAI INT LTD
(CYD-NYSE):
Technical Viewpoint: From a low
of $19.36 on Oct 19, 2010 prices
rallied, reaching a
high of $29.23
on Nov 10, 2010. A
decline saw prices pull back, reaching a
low of
$23.10 on Nov 16, 2010.
Another rally saw prices penetrate
resistance, closing 12/31/10
at $31.69. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 21, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.75. Resistance: Is at $31.96.
Point & Figure: Reversed to the upside on Dec 21, 2010. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! CHINA YUCHAI INT LTD
(CYD-NYSE) @ $32.13 Stop: Use a protective stop of $30.13.
CHINA YUCHAI INT LTD is currently trading @ $31.69 plus $1.52 on Dec 31, 2010. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $6.87. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $6.87
Risk/Reward Ratio:
3:1
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