BUY! ERESEARCH TECH (ERES) Nasdaq

  Report No. 1721    Analysis by: Harry Aloof     MARCH 12, 2003

ERESEARCH TECH (ERES-Nasdaq): Technical Viewpoint: From a low of $19.55 on Feb 11, 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 3/11/03 at $24.27. 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 $20.63. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 11, 2003. A P&F upside reversal takes place at $23.00. Summary: Technical indicators have turned bullish. BUY! ERESEARCH TECH (ERES-Nasdaq) @ $24.75 Stop: Use a protective stop of $22.75. ERESEARCH TECH is currently trading @ $24.27 plus $0.90 on Mar 11, 2003. Price Objective: $33.00. Risk/Reward: $2.00 VS. $8.25. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$33.00 Risk/Reward:
$2.00 VS. $8.25 Risk/Reward Ratio:
4:1
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