CHART INDUSTRIES
(GTLS-Nasdaq):
Technical Viewpoint: From a low
of $35.10 on Apr 11, 2008 prices
rallied, reaching a
high of $42.59
on Apr 29, 2008. A
decline saw prices pull back, reaching a
low of
$33.05 on May 1, 2008.
Another rally saw prices penetrate
resistance, closing 6/6/08
at $45.25. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 6, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 2, 2008. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CHART INDUSTRIES
(GTLS-Nasdaq) @ $45.63 Stop: Use a protective stop of $43.63.
CHART INDUSTRIES is currently trading @ $45.25 plus $2.67 on Jun 6, 2008. Price Objective:
$57.50. Risk/Reward: $2.00 VS. $11.87. Today's Risk Reward Ratio: 6:1
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