LCA-VISION NEW
(LVAV-Nasdaq):
Technical Viewpoint: From a low
of $23.73 on Apr 15, 2004 prices
rallied, reaching a
high of $31.31
on Apr 28, 2004. A
decline saw prices pull back, reaching a
low of
$22.69 on May 24, 2004.
Another rally saw prices penetrate
resistance, closing 6/9/04
at $26.78. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 8, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.25. Resistance: Is at $30.75.
Point & Figure: Reversed to the upside on Jun 9, 2004. A P&F upside
reversal takes place at $24.75. Summary: Technical indicators have turned bullish. BUY! LCA-VISION NEW
(LVAV-Nasdaq) @ $27.25 Stop: Use a protective stop of $25.25.
LCA-VISION NEW is currently trading @ $26.78 plus $2.21 on Jun 9, 2004. Price Objective:
$38.50. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1
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