CITNAS CORP
(CTAS-Nasdaq):
Technical Viewpoint: From a low
of $39.15 on Oct 10, 2002 prices
rallied, reaching a
high of $50.54
on Oct 23, 2002. A
decline saw prices pull back, reaching a
low of
$45.95 on Nov 13, 2002.
Another rally saw prices penetrate
resistance, closing 11/27/02
at $51.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $52.46.
Point & Figure: Reversed to the upside on Nov 14, 2002. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! CITNAS CORP
(CTAS-Nasdaq) @ $51.88 Stop: Use a protective stop of $49.38.
CITNAS CORP is currently trading @ $51.55 plus $2.57 on Nov 27, 2002. Price Objective:
$64.00. Risk/Reward: $2.50 VS. $12.13. Today's Risk Reward Ratio: 5:1
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