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LINENS ' N THINGS INC
(LIN-NYSE):
Technical Viewpoint: From a low
of $26.89 on Dec 10, 2003 prices
rallied, reaching a
high of $30.37
on Dec 31, 2004. A
decline saw prices pull back, reaching a
low of
$27.52 on Jan 12, 2004.
Another rally saw prices penetrate
resistance, closing 2/4/04
at $31.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.00. Resistance: Is at $33.00.
Point & Figure: Reversed to the upside on Feb 4, 2004. A P&F upside
reversal takes place at $29.25. Summary: Technical indicators have turned bullish. BUY! LINENS ' N THINGS INC
(LIN-NYSE) @ $31.75 Stop: Use a protective stop of $29.75.
LINENS ' N THINGS INC is currently trading @ $31.45 plus $2.91 on Feb 4, 2004. Price Objective:
$44.00. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$44.00
Risk/Reward:
$2.00 VS. $12.25
Risk/Reward Ratio:
6:1
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