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STANDARD PACIFIC CORP
(SPF-NYSE):
Technical Viewpoint: From a low
of $54.60 on Mar 11, 2004 prices
rallied, reaching a
high of $57.39
on Mar 16, 2004. A
decline saw prices pull back, reaching a
low of
$54.68 on Mar 23, 2004.
Another rally saw prices penetrate
resistance, closing 3/30/04
at $59.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 3, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 30, 2004. A P&F upside
reversal takes place at $57.50. Summary: Technical indicators have turned bullish. BUY! STANDARD PACIFIC CORP
(SPF-NYSE) @ $59.50 Stop: Use a protective stop of $57.50.
STANDARD PACIFIC CORP is currently trading @ $59.26 plus $3.00 on Mar 30, 2004. Price Objective:
$69.50. Risk/Reward: $2.00 VS. $10.00. 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:
$69.50
Risk/Reward:
$2.00 VS. $10.00
Risk/Reward Ratio:
5:1
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