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ENGINEERED SUPPORT SYSTEM
(EASI-Nasdaq):
Technical Viewpoint: From a low
of $45.06 on Nov 11, 2003 prices
rallied, reaching a
high of $58.43
on Dec 12, 2003. A
decline saw prices pull back, reaching a
low of
$52.60 on Dec 8, 2003.
Another rally saw prices penetrate
resistance, closing 12/10/03
at $60.56. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 9, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 9, 2003. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! ENGINEERED SUPPORT SYSTEM
(EASI-Nasdaq) @ $62.13 Stop: Use a protective stop of $59.63.
ENGINEERED SUPPORT SYSTEM is currently trading @ $60.56 plus $6.87 on Dec 9, 2003. Price Objective:
$74.00. Risk/Reward: $2.50 VS. $11.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$74.00
Risk/Reward:
$2.50 VS. $11.87
Risk/Reward Ratio:
5:1
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