4 KIDS ENTERTAINMENT
(KIDE-Nasdaq):
Technical Viewpoint: From a low
of $28 7/8 on Oct 4, 1999 prices
rallied, reaching a
high of $64 7/8
on Oct 18, 1999. A
decline saw prices pull back, reaching a
low of
$53 1/2 on Oct 21, 1999.
Another rally saw prices penetrate
resistance, closing 10/25/99
at $68 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 7, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 22, 1999. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! 4 KIDS ENTERTAINMENT
(KIDE-Nasdaq) @ $69 1/4 Stop: Use a protective stop of $66 3/8.
4 KIDS ENTERTAINMENT is currently trading @ $68 7/8 plus $8 7/8 on Oct 25, 1999. Price Objective:
$89.00. Risk/Reward: $2 7/8 VS. $19 3/4. Today's Risk Reward Ratio: 7:1
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