COMTECH COMMUNICATIONS
(CMTL-Nasdaq):
Technical Viewpoint: From a low
of $42.74 on May 23, 2008 prices
rallied, reaching a
high of $50.44
on Jun 24, 2008. A
decline saw prices pull back, reaching a
low of
$46.74 on Jul 3, 2008.
Another rally saw prices penetrate
resistance, closing 7/25/08
at $51.16. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 25, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 16, 2008. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! COMTECH COMMUNICATIONS
(CMTL-Nasdaq) @ $51.25 Stop: Use a protective stop of $48.75.
COMTECH COMMUNICATIONS is currently trading @ $51.16 plus $1.88 on Jul 25, 2008. Price Objective:
$69.50. Risk/Reward: $2.50 VS. $18.25. Today's Risk Reward Ratio: 7:1
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