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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$33.00
Risk/Reward:
$2.00 VS. $8.25
Risk/Reward Ratio:
4:1
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