WESTPORT RESOURCES CORP
(WRC-NYSE):
Technical Viewpoint: From a low
of $31.33 on Mar 9, 2004 prices
rallied, reaching a
high of $33.41
on Mar 19, 2004. A
decline saw prices pull back, reaching a
low of
$31.61 on Mar 25, 2004.
Another rally saw prices penetrate
resistance, closing 4/7/04
at $34.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 10, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 31, 2004. A P&F upside
reversal takes place at $33.25. Summary: Technical indicators have turned bullish. BUY! WESTPORT RESOURCES CORP
(WRC-NYSE) @ $34.63 Stop: Use a protective stop of $32.63.
WESTPORT RESOURCES CORP is currently trading @ $34.20 plus $1.15 on Apr 7, 2004. Price Objective:
$44.00. Risk/Reward: $2.00 VS. $9.37. Today's Risk Reward Ratio: 5:1
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