SHUFFLE MASTER INC
(SHFL-Nasdaq):
Technical Viewpoint: From a low
of $26.02 on Jul 18, 2003 prices
rallied, reaching a
high of $30.00
on Jul 31, 2003. A
decline saw prices pull back, reaching a
low of
$26.46 on Aug 7, 2003.
Another rally saw prices penetrate
resistance, closing 8/19/03
at $32.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 19, 2003. A P&F upside
reversal takes place at $30.50. Summary: Technical indicators have turned bullish. BUY! SHUFFLE MASTER INC
(SHFL-Nasdaq) @ $32.38 Stop: Use a protective stop of $30.38.
SHUFFLE MASTER INC is currently trading @ $32.11 plus $2.35 on Aug 19, 2003. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $21.62. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.00
Risk/Reward:
$2.00 VS. $21.62
Risk/Reward Ratio:
11:1
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