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CAREER EDUCATION CORP
(CECO-Nasdaq):
Technical Viewpoint: From a low
of $41.26 on Aug 28, 2002 prices
rallied, reaching a
high of $47.54
on Sep 11, 2002. A
decline saw prices pull back, reaching a
low of
$44.17 on Sep 25, 2002.
Another rally saw prices penetrate
resistance, closing 10/1/02
at $51.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 31, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 1, 2002. A P&F upside
reversal takes place at $48.75. Summary: Technical indicators have turned bullish. BUY! CAREER EDUCATION CORP
(CECO-Nasdaq) @ $51.13 Stop: Use a protective stop of $48.63.
CAREER EDUCATION CORP is currently trading @ $51.04 plus $3.03 on Oct 1, 2002. Price Objective:
$65.00. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$65.00
Risk/Reward:
$2.50 VS. $13.88
Risk/Reward Ratio:
5:1
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