SWIFT TRANSPORTATION
(SWFT-Nasdaq):
Technical Viewpoint: From a low
of $19.30 on Jun 7, 2002 prices
rallied, reaching a
high of $23.48
on Jun 26, 2002. A
decline saw prices pull back, reaching a
low of
$21.71 on Jun 26, 2002.
Another rally saw prices penetrate
resistance, closing 6/28/02
at $23.30. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 29, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $22.50. Resistance: Is at $23.48.
Point & Figure: Reversed to the upside on Jun 28, 2002. A P&F upside
reversal takes place at $22.05. Summary: Technical indicators have turned bullish. BUY! SWIFT TRANSPORTATION
(SWFT-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50.
SWIFT TRANSPORTATION is currently trading @ $23.30 plus $0.75 on Jun 28, 2002. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $10.50. Today's Risk Reward Ratio: 5:1
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