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CAREER EDUCATION CORP
(CECO-Nasdaq):
Technical Viewpoint: From a low
of $47.17 on Feb 25, 2004 prices
rallied, reaching a
high of $52.86
on Mar 8, 2004. A
decline saw prices pull back, reaching a
low of
$45.11 on Mar 12, 2004.
Another rally saw prices penetrate
resistance, closing 4/14/04
at $61.52. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $58.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 14, 2004. A P&F upside
reversal takes place at $59.00. Summary: Technical indicators have turned bullish. BUY! CAREER EDUCATION CORP
(CECO-Nasdaq) @ $62.63 Stop: Use a protective stop of $60.13.
CAREER EDUCATION CORP is currently trading @ $61.52 plus $1.70 on Apr 14, 2004. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $12.37. 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:
$75.00
Risk/Reward:
$2.50 VS. $12.37
Risk/Reward Ratio:
5:1
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