AZZ INC
(AZZ-NYSE):
Technical Viewpoint: From a low
of $26.50 on Dec 18, 2007 prices
rallied, reaching a
high of $30.44
on Dec 26, 2007. A
decline saw prices pull back, reaching a
low of
$26.81 on Jan 2, 2008.
Another rally saw prices penetrate
resistance, closing 1/4/08
at $32.53. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 4, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $27.00. Resistance: Is at $32.99.
Point & Figure: Reversed to the upside on Jan 4, 2008. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! AZZ INC
(AZZ-NYSE) @ $32.63 Stop: Use a protective stop of $30.63.
AZZ INC is currently trading @ $32.53 plus $3.68 on Jan 4, 2008. Price Objective:
$42.50. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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