HOTEL RSRVATIONS NTWRK
(ROOM-Nasdaq):
Technical Viewpoint: From a low
of $67.30 on Apr 25, 2003 prices
rallied, reaching a
high of $83.45
on May 2, 2003. A
decline saw prices pull back, reaching a
low of
$76.63 on May 9, 2003.
Another rally saw prices penetrate
resistance, closing 5/12/03
at $82.57. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $78.75. Resistance: Is at $83.45.
Point & Figure: Reversed to the upside on May 12, 2003. A P&F upside
reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! HOTEL RSRVATIONS NTWRK
(ROOM-Nasdaq) @ $83.13 Stop: Use a protective stop of $80.38.
HOTEL RSRVATIONS NTWRK is currently trading @ $82.57 plus $3.68 on May 12, 2003. Price Objective:
$108.00. Risk/Reward: $2.75 VS. $24.88. Today's Risk Reward Ratio: 9:1
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