BRIGHTPOINT INC
(CELL-Nasdaq):
Technical Viewpoint: From a low
of $16.24 on Aug 14, 2003 prices
rallied, reaching a
high of $28.86
on Sep 5, 2003. A
decline saw prices pull back, reaching a
low of
$25.17 on Sep 11, 2003.
Another rally saw prices penetrate
resistance, closing 9/15/03
at $30.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 15, 2003. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! BRIGHTPOINT INC
(CELL-Nasdaq) @ $30.88 Stop: Use a protective stop of $28.88.
BRIGHTPOINT INC is currently trading @ $30.20 plus $2.70 on Sep 14, 2003. Price Objective:
$38.25. Risk/Reward: $2.00 VS. $7.38. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|