RAIT FINANCIAL TRUST
(RAS-NYSE):
Technical Viewpoint: From a low
of $29.34 on Oct 3, 2006 prices
rallied, reaching a
high of $35.15
on Dec 20, 2006. A
decline saw prices pull back, reaching a
low of
$32.44 on Jan 5, 2007.
Another rally saw prices penetrate
resistance, closing 1/19/07
at $36.34. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 17, 2007 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 16, 2007. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! RAIT FINANCIAL TRUST
(RAS-NYSE) @ $36.50 Stop: Use a protective stop of $34.50.
RAIT FINANCIAL TRUST is currently trading @ $36.34 plus $1.81 on Jan 19, 2007. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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