BUY! SCHOLASTIC CORPORATION (SCHL) Nasdaq

  Report No. 1880    Analysis by: Harry Aloof     NOVEMBER 10, 2003

SCHOLASTIC CORPORATION (SCHL-Nasdaq): Technical Viewpoint: From a low of $27.72 on Aug 27, 2003 prices rallied, reaching a high of $32.16 on Sep 24, 2003. A decline saw prices pull back, reaching a low of $28.00 on Oct 8, 2003. Another rally saw prices penetrate resistance, closing 11/7/03 at $35.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 16, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $31.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Nov 7, 2003. A P&F upside reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! SCHOLASTIC CORPORATION (SCHL-Nasdaq) @ $35.25 Stop: Use a protective stop of $33.25. SCHOLASTIC CORPORATION is currently trading @ $35.12 plus $3.95 on Nov 7, 2003. Price Objective: $50.00. Risk/Reward: $2.00 VS. $14.75. Today's Risk Reward Ratio: 7:1

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

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Price Objective:
$50.00 Risk/Reward:
$2.00 VS. $14.75 Risk/Reward Ratio:
7:1
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