CNF TRANSPORTATION INC
(CNF-NYSE):
Technical Viewpoint: From a low
of $39.00 on Aug 13, 2004 prices
rallied, reaching a
high of $42.39
on Sep 9, 2004. A
decline saw prices pull back, reaching a
low of
$39.59 on Sep 27, 2004.
Another rally saw prices penetrate
resistance, closing 10/5/04
at $44.63. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 5, 2004. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CNF TRANSPORTATION INC
(CNF-NYSE) @ $44.88 Stop: Use a protective stop of $42.88.
CNF TRANSPORTATION INC is currently trading @ $44.63 plus $2.78 on Oct 5, 2004. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $12.62. Today's Risk Reward Ratio: 6:1
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