BUY! SHUFFLE MASTER INC (SHFL) Nasdaq

  Report No. 1826    Analysis by: Harry Aloof     AUGUST 20, 2003

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

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

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Price Objective:
$54.00 Risk/Reward:
$2.00 VS. $21.62 Risk/Reward Ratio:
11:1
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