UTI WORLDWIDE
(UTIW-Nasdaq):
Technical Viewpoint: From a low
of $19.55 on Nov 20, 2002 prices
rallied, reaching a
high of $27.14
on Jan 2, 2003. A
decline saw prices pull back, reaching a
low of
$22.00 on Jan 28, 2003.
Another rally saw prices penetrate
resistance, closing 3/10/03
at $25.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.75. Resistance: Is at $26.00.
Point & Figure: Reversed to the upside on Feb 3, 2003. A P&F upside
reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! UTI WORLDWIDE
(UTIW-Nasdaq) @ $26.13 Stop: Use a protective stop of $24.13.
UTI WORLDWIDE is currently trading @ $25.90 plus $0.41 on Mar 10, 2003. Price Objective:
$35.50. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 4:1
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