MOBILE TELESYS OJSC ADS
(MBT-NYSE):
Technical Viewpoint: From a low
of $32.58 on Apr 30, 2009 prices
rallied, reaching a
high of $38.78
on May 5, 2009. A
decline saw prices pull back, reaching a
low of
$31.77 on May 14, 2009.
Another rally saw prices penetrate
resistance, closing 5/29/09
at $41.49. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 27, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.38. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 27, 2009. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! MOBILE TELESYS OJSC ADS
(MBT-NYSE) @ $41.75 Stop: Use a protective stop of $39.75.
MOBILE TELESYS OJSC ADS is currently trading @ $41.49 plus $2.77 on May 29, 2009. Price Objective:
$52.50. Risk/Reward: $2.00 VS. $10.75. Today's Risk Reward Ratio: 5:1
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