A.G.
EDWARDS INC (AGE-NYSE) :Technical Viewpoint :
From a low of $50.90 on May 28, 2006 prices rallied,
reaching a high of $53.69 on May 11, 2006. A decline
saw prices pull back, reaching a low of $49.63 on May
22, 2006. Another rally saw prices penetrate resistance,
closing 5/26/06 at $54.20. Technicals : Stochastic
Oscillator (STOC) : A Buy Alert! was given on
May 22, 2006 when the solid line crossed the dotted
line to the upside. Support : Remains
at $50.00. Resistance : None at current
levels. Point & Figure : Reversed to
the upside on May 26, 2006. A P&F
upside reversal takes place at $52.00. Summary :
Technical indicators have turned bullish. BUY!
A.G. Edwards Inc (AGE-NYSE) @ $54.63 Stop : Use
a protective stop of $52.13. A.G. Edwards
Inc is currently trading @ $54.20 plus $1.42
on May 26, 2006. Price Objective : $69.50. Risk/Reward: $2.50 VS. $14.87.
Today's Risk Reward Ratio : 6:1 |