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SHARPER IMAGE CORP
(SHRP-Nasdaq):
Technical Viewpoint: From a low
of $24.85 on Oct 21, 2003 prices
rallied, reaching a
high of $30.96
on Nov 5, 2003. A
decline saw prices pull back, reaching a
low of
$28.04 on Nov 6, 2003.
Another rally saw prices penetrate
resistance, closing 11/12/03
at $31.98. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 27, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 12, 2003. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! SHARPER IMAGE CORP
(SHRP-Nasdaq) @ $32.25 Stop: Use a protective stop of $30.25.
SHARPER IMAGE CORP is currently trading @ $31.98 plus $2.28 on Nov 12, 2003. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $15.75. Today's Risk Reward Ratio: 8:1
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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. $15.75
Risk/Reward Ratio:
8:1
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