ERESEARCH TECH
(ERES-Nasdaq):
Technical Viewpoint: From a low
of $17.20 on Jan 31, 2003 prices
rallied, reaching a
high of $23.94
on Feb 21, 2003. A
decline saw prices pull back, reaching a
low of
$20.12 on Feb 28, 2003.
Another rally saw prices penetrate
resistance, closing 3/5/03
at $23.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 9, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.00. Resistance: Is at $23.94.
Point & Figure: Reversed to the upside on Mar 3, 2003. A P&F upside
reversal takes place at $21.50. Summary: Technical indicators have turned bullish. BUY! ERESEARCH TECH
(ERES-Nasdaq) @ $23.25 Stop: Use a protective stop of $21.25.
ERESEARCH TECH is currently trading @ $23.20 plus $1.50 on Mar 5, 2003. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $11.75. 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:
$35.00
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
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