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NAM TAI ELECTRONICS
(NME-NYSE):
Technical Viewpoint: From a low
of $10.68 on Jul 20, 2003 prices
rallied, reaching a
high of $20.02
on Jul 15, 2003. A
decline saw prices pull back, reaching a
low of
$15.10 on Jul 22, 2003.
Another rally saw prices penetrate
resistance, closing 8/4/03
at $22.46. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.25. Resistance: Is at $23.75.
Point & Figure: Reversed to the upside on Aug 4, 2003. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! NAM TAI ELECTRONICS
(NME-NYSE) @ $22.75 Stop: Use a protective stop of $20.75.
NAM TAI ELECTRONICS is currently trading @ $22.46 plus $3.06 on Aug 4, 2003. Price Objective:
$31.00. 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:
$31.00
Risk/Reward:
$2.00 VS. $8.25
Risk/Reward Ratio:
4:1
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