CYTEC INDUSTRIES
(CYT-NYSE):
Technical Viewpoint: From a low
of $51.06 on Mar 20, 2008 prices
rallied, reaching a
high of $58.31
on Apr 7, 2008. A
decline saw prices pull back, reaching a
low of
$55.01 on Apr 15, 2008.
Another rally saw prices penetrate
resistance, closing 4/18/08
at $61.93. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 1, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $56.00. Resistance: Is at $62.12.
Point & Figure: Reversed to the upside on Apr 1, 2008. A P&F upside
reversal takes place at $59.00. Summary: Technical indicators have turned bullish. BUY! CYTEC INDUSTRIES
(CYT-NYSE) @ $62.13 Stop: Use a protective stop of $59.63.
CYTEC INDUSTRIES is currently trading @ $61.93 plus $5.08 on Apr 18, 2008. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $17.37. Today's Risk Reward Ratio: 7:1
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