HARMON INTERNAT IND (HAR)NYSE
  Report No. 2441    Analysis by: Harry Aloof     AUGUST 13, 2012

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 line "A", 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 downside 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
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$62.50
Risk/Reward:
$2.00 VS. $16.37
Risk/Reward Ratio:
8:1

 

 

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