ROADWAY EXPRESS
(ROAD-Nasdaq):
Technical Viewpoint: From a low
of $29.76 on Mar 12, 2003 prices
rallied, reaching a
high of $36.85
on Mar 21, 2003. A
decline saw prices pull back, reaching a
low of
$33.25 on Apr 1, 2003.
Another rally saw prices penetrate
resistance, closing 4/7/03
at $36.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 20, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $34.25. Resistance: Is at $35.50.
Point & Figure: Reversed to the upside on Apr 3, 2003. A P&F upside
reversal takes place at $35.50. Summary: Technical indicators have turned bullish. BUY! ROADWAY EXPRESS
(ROAD-Nasdaq) @ $37.38 Stop: Use a protective stop of $35.38.
ROADWAY EXPRESS is currently trading @ $36.88 plus $1.49 on Apr 7, 2003. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $12.13. 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:
$49.50
Risk/Reward:
$2.00 VS. $12.13
Risk/Reward Ratio:
6:1
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