ENGINEERED SUPPORT SYS
(EASI-Nasdaq):
Technical Viewpoint: From a low
of $44.35 on May 12, 2004 prices
rallied, reaching a
high of $54.98
on Jun 6, 2004. A
decline saw prices pull back, reaching a
low of
$51.07 on Jun 15, 2004.
Another rally saw prices penetrate
resistance, closing 6/18/04
at $56.22. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 28, 2004. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! ENGINEERED SUPPORT SYS
(EASI-Nasdaq) @ $56.50 Stop: Use a protective stop of $54.13.
ENGINEERED SUPPORT SYS is currently trading @ $56.22 plus $3.17 on Jun 18, 2004. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $18.50. Today's Risk Reward Ratio: 7:1
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