NABORS INDUSTRIES INC
(NBR-NYSE):
Technical Viewpoint: From a low
of $27.26 on Oct 4, 2006 prices
rallied, reaching a
high of $32.94
on Nov 9, 2006. A
decline saw prices pull back, reaching a
low of
$29.75 on Nov 17, 2006.
Another rally saw prices penetrate
resistance, closing 12/1/06
at $34.57. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 23, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $36.04.
Point & Figure: Reversed to the upside on Oct 10, 2006. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! NABORS INDUSTRIES INC
(NBR-NYSE) @ $34.63 Stop: Use a protective stop of $32.63.
NABORS INDUSTRIES INC is currently trading @ $34.57 plus $0.81 on Dec 1, 2006. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $12.37. Today's Risk Reward Ratio: 6:1
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