|
NEW CENTURY FINANCIAL
(NCEN-Nasdaq):
Technical Viewpoint: From a low
of $27.00 on Sep 29, 2003 prices
rallied, reaching a
high of $33.75
on Oct 14, 2003. A
decline saw prices pull back, reaching a
low of
$31.05 on Oct 16, 2003.
Another rally saw prices penetrate
resistance, closing 10/23/03
at $36.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 4, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 23, 2003. A P&F upside
reversal takes place at $34.50. Summary: Technical indicators have turned bullish. BUY! NEW CENTURY FINANCIAL
(NCEN-Nasdaq) @ $36.25 Stop: Use a protective stop of $34.25.
NEW CENTURY FINANCIAL is currently trading @ $36.05 plus $3.56 on Oct 23, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
|
