RATHEON CO
(RTN-NYSE):
Technical Viewpoint: From a low
of $50.96 on Jan 8, 2007 prices
rallied, reaching a
high of $53.22
on Jan 23, 2007. A
decline saw prices pull back, reaching a
low of
$51.12 on Jan 29, 2007.
Another rally saw prices penetrate
resistance, closing 2/2/07
at $54.85. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 2, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $53.22. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 26, 2006. A P&F upside
reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! RATHEON CO
(RTN-NYSE) @ $55.13 Stop: Use a protective stop of $52.63.
RATHEON CO is currently trading @ $54.85 plus $2.29 on Feb 2, 2007. Price Objective:
$64.50. Risk/Reward: $2.50 VS. $9.37. Today's Risk Reward Ratio: 4:1
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