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BLOCKBUSTER INC
(BBI-NYSE):
Technical Viewpoint: From a low
of $21.90 on Apr 2, 2002 prices
rallied, reaching a
high of $25.32
on Apr 11, 2002. A
decline saw prices pull back, reaching a
low of
$23.26 on Apr 23, 2002.
Another rally saw prices penetrate
resistance, closing 5/1/02
at $30.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 22, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 25, 2002. A P&F upside
reversal takes place at $28.50. Summary: Technical indicators have turned bullish. BUY! BLOCKBUSTER INC
(BBI-NYSE) @ $30.13 Stop: Use a protective stop of $28.13.
BLOCKBUSTER INC is currently trading @ $30.00 plus $1.40 on May 1, 2002. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $17.38. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.50
Risk/Reward:
$2.00 VS. $17.38
Risk/Reward Ratio:
9:1
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