Report No. 104    Analysis by: Harry Aloof     JULY 1, 2008

PENN VIRGINIA CORP (PENN-Nasdaq): Technical Viewpoint: From a low of $52.35 on May 29, 2008 prices rallied, reaching a high of $76.19 on Jun 19, 2008. A decline saw prices pull back, reaching a low of $66.75 on Jun 25, 2008. Another rally saw prices penetrate resistance line "A", closing 6/30/08 at $75.42. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Jun 30, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $67.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 27, 2008. A P&F downside reversal takes place at $73.00. Summary: Technical indicators have turned bullish. BUY! PENN VIRGINIA CORP (PENN-Nasdaq) @ $76.50 Stop: Use a protective stop of $73.75. PENN VIRGINIA CORP is currently trading @ $75.42 plus $5.46 on Jun 30, 2008. Price Objective: $92.50. Risk/Reward: $2.75 VS. $18.75. Today's Risk Reward Ratio: 7:1

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$2.75 VS. $18.75
Risk/Reward Ratio: