BROADRIDGE FINANCIAL SOLUTIONS
(BR-NYSE):
Technical Viewpoint: From a low
of $18.75 on Jul 1, 2010 prices
rallied, reaching a
high of $21.13
on Jul 27, 2010. A
decline saw prices pull back, reaching a
low of
$19.64 on Aug 12, 2010.
Another rally saw prices penetrate
resistance, closing 8/27/10
at $21.36. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 27, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $19.00. Resistance: Is at $20.61.
Point & Figure: Reversed to the upside on Jul 12, 2010. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! BROADRIDGE FINANCIAL SOLUTIONS
(BR-NYSE) @ $21.50 Stop: Use a protective stop of $20.13.
BROADRIDGE FINANCIAL SOLUTIONS is currently trading @ $21.36 plus $0.86 on Aug 28, 2010. Price Objective:
$32.00. Risk/Reward: $1.38 VS. $10.50. Today's Risk Reward Ratio: 8:1
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