|
LINENS 'N THINGS
(LIN-NYSE):
Technical Viewpoint: From a low
of $29.15 on Apr 1, 2002 prices
rallied, reaching a
high of $36.50
on Apr 9, 2002. A
decline saw prices pull back, reaching a
low of
$33.85 on May 8, 2002.
Another rally saw prices penetrate
resistance, closing 5/9/02
at $36.91. Technicals: RSI Index (RSI): A Buy Alert!
was given on May 9, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.75. Resistance: Is at $37.88.
Point & Figure: Reversed to the upside on May 9, 2002. A P&F upside
reversal takes place at $35.50. Summary: Technical indicators have turned bullish. BUY! LINENS 'N THINGS
(LIN-NYSE) @ $37.25 Stop: Use a protective stop of $34.75.
LINENS 'N THINGS is currently trading @ $36.91 plus $2.49 on May 9, 2002. Price Objective:
$52.00. Risk/Reward: $2.50 VS. $14.75. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.00
Risk/Reward:
$2.50 VS. $14.75
Risk/Reward Ratio:
6:1
|
