MAVERICK TUBE CO
(MVK-NYSE):
Technical Viewpoint: From a low
of $11.46 on Nov 20, 2002 prices
rallied, reaching a
high of $13.98
on Dec 13, 2002. A
decline saw prices pull back, reaching a
low of
$11.88 on Jan 9, 2003.
Another rally saw prices penetrate
resistance, closing 2/11/03
at $16.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 21, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $13.25. Resistance: Is at $16.40.
Point & Figure: Reversed to the upside on Jan 30, 2003. A P&F upside
reversal takes place at $15.25. Summary: Technical indicators have turned bullish. BUY! MAVERICK TUBE CO
(MVK-NYSE) @ $16.25 Stop: Use a protective stop of $14.75.
MAVERICK TUBE CO is currently trading @ $16.22 plus $1.00 on Feb 11, 2003. Price Objective:
$24.00. Risk/Reward: $1.50 VS. $7.75. Today's Risk Reward Ratio: 5:1
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