ROADWAY EXPRESS
(ROAD-Nasdaq):
Technical Viewpoint: From a low
of $20.58 on Aug 29, 2002 prices
rallied, reaching a
high of $33.20
on Sep 13, 2002. A
decline saw prices pull back, reaching a
low of
$30.41 on Sep 23, 2002.
Another rally saw prices penetrate
resistance, closing 9/24/02
at $34.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 11, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.25. Resistance: Is at $37.00.
Point & Figure: Reversed to the upside on Sep 24, 2002. A P&F upside
reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! ROADWAY EXPRESS
(ROAD-Nasdaq) @ $35.25 Stop: Use a protective stop of $33.25.
ROADWAY EXPRESS is currently trading @ $34.88 plus $3.97 on Sep 24, 2002. Price Objective:
$43.75. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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