HARMON INTERNAT IND
(HAR-NYSE):
Technical Viewpoint: From a low
of $37.00 on Jul 17, 2012 prices
rallied, reaching a
high of $40.15
on Jul 19, 2012. A
decline saw prices pull back, reaching a
low of
$36.82 on Jul 25, 2012.
Another rally saw prices penetrate
resistance, closing 8/10/12
at $45.68. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 27, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at $46.97.
Point & Figure: Reversed to the upside on Aug 6, 2012. A P&F upside
reversal takes place at $44.00. Summary: Technical indicators have turned bullish. BUY! HARMON INTERNAT IND
(HAR-NYSE) @ $46.13 Stop: Use a protective stop of $44.13.
HARMON INTERNAT IND is currently trading @ $45.68 plus $3.17 on Aug 10, 2012. Price Objective:
$62.50. Risk/Reward: $2.00 VS. $16.37. Today's Risk Reward Ratio: 8:1
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