BROADRIDGE FINANCIAL SOLUTIONS (BR)NYSE
  Report No. 2387    Analysis by: Harry Aloof     AUGUST 30, 2010

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 line "A", 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 downside 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
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$32.00
Risk/Reward:
$1.38 VS. $10.50
Risk/Reward Ratio:
8:1

 

 

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