America's Car-Mart Inc (CRMT)Nasdaq
  Report No. 589    Analysis by: Harry Aloof     SEPTEMBER 7, 2008

AMERICA'S CAR-MART INC (CRMT-Nasdaq): Technical Viewpoint: From a low of $14.11 on Jun 24, 2008 prices rallied, reaching a high of $21.33 on Jul 25, 2008. A decline saw prices pull back, reaching a low of $16.40 on Aug 26, 2008. Another rally saw prices penetrate resistance line "A", closing 9/5/08 at $21.27. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 5, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $16.50. Resistance: Is at $21.00. Point & Figure: Reversed to the upside on Aug 27, 2008. A P&F downside reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! America's Car-Mart Inc (CRMT-Nasdaq) @ $21.38 Stop: Use a protective stop of $19.88. America's Car-Mart Inc is currently trading @ $21.27 plus $0.57 on Sep 5, 2008. Price Objective: $30.50. Risk/Reward: $1.50 VS. $9.12. Today's Risk Reward Ratio: 6:1
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$30.50
Risk/Reward:
$1.50 VS. $9.12
Risk/Reward Ratio:
6:1

 

 

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