IMAX CORP
(IMAX-NYSE):
Technical Viewpoint: From a low
of $25.85 on Mar 17, 2011 prices
rallied, reaching a
high of $32.99
on Mar 30, 2011. A
decline saw prices pull back, reaching a
low of
$29.65 on Apr 12, 2011.
Another rally saw prices penetrate
resistance, closing 5/13/11
at $36.66. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 13, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 14, 2011. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! IMAX CORP
(IMAX-NYSE) @ $37.13 Stop: Use a protective stop of $35.13.
IMAX CORP is currently trading @ $36.66 plus $1.86 on May 13, 2011. 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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