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ALLIANCE GAMING CORP
(ALLY-Nasdaq):
Technical Viewpoint: From a low
of $24.36 on Dec 10, 2001 prices
rallied, reaching a
high of $30.25
on Dec 28, 2001. A
decline saw prices pull back, reaching a
low of
$26.81 on Jan 4, 2002.
Another rally saw prices penetrate
resistance, closing 1/14/02
at $31.60. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 14, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $28.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 15, 2002. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! ALLIANCE GAMING CORP
(ALLY-Nasdaq) @ $31.88 Stop: Use a protective stop of $29.38.
ALLIANCE GAMING CORP is currently trading @ $31.60 plus $2.63 on Jan 15, 2002. Price Objective:
$48.00. Risk/Reward: $2.50 VS. $16.13. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.50 VS. $16.13
Risk/Reward Ratio:
6:1
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