A O SMITH CORPORATION
(AOS-NYSE):
Technical Viewpoint: From a low
of $35.27 on Dec 7, 2005 prices
rallied, reaching a
high of $37.02
on Dec 13, 2005. A
decline saw prices pull back, reaching a
low of
$35.10 on Dec 30, 2005.
Another rally saw prices penetrate
resistance, closing 1/20/06
at $43.90. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 5, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $39.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 20, 2006. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! A O SMITH CORPORATION
(AOS-NYSE) @ $44.50 Stop: Use a protective stop of $42.50.
A O SMITH CORPORATION is currently trading @ $43.90 plus $4.11 on Jan 20, 2006. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $9.50. Today's Risk Reward Ratio: 5:1
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