NORTHEAST UTILITIES
(NU-NYSE):
Technical Viewpoint: From a low
of $56.35 on Oct 24, 2007 prices
rallied, reaching a
high of $66.47
on Oct 31, 2007. A
decline saw prices pull back, reaching a
low of
$63.00 on Nov 8, 2007.
Another rally saw prices penetrate
resistance, closing 11/16/07
at $66.83. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 18, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $64.75. Resistance: Is at $30.00.
Point & Figure: Reversed to the upside on Nov 18, 2007. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! NORTHEAST UTILITIES
(NU-NYSE) @ $32.25 Stop: Use a protective stop of $30.25.
NORTHEAST UTILITIES is currently trading @ $66.83 plus $1.34 on Nov 16, 2007. Price Objective:
$42.50. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
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