TC PIPELINES LP
(TCLP-Nasdaq):
Technical Viewpoint: From a low
of $30.00 on Oct 3, 2006 prices
rallied, reaching a
high of $32.80
on Oct 26, 2006. A
decline saw prices pull back, reaching a
low of
$31.31 on Nov 6, 2006.
Another rally saw prices penetrate
resistance, closing 12/22/06
at $34.40. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 22, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 22, 2006. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! TC PIPELINES LP
(TCLP-Nasdaq) @ $34.75 Stop: Use a protective stop of $32.75.
TC PIPELINES LP is currently trading @ $34.40 plus $2.13 on Dec 22, 2006. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
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