CERADYNE INC
(CRDN-Nasdaq):
Technical Viewpoint: From a low
of $21.81 on Mar 24, 2004 prices
rallied, reaching a
high of $29.65
on Apr 8, 2004. A
decline saw prices pull back, reaching a
low of
$25.01 on Apr 20, 2004.
Another rally saw prices penetrate
resistance, closing 4/23/04
at $31.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 2, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.63. Resistance: Is at $33.18.
Point & Figure: Reversed to the upside on Apr 23, 2004. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! CERADYNE INC
(CRDN-Nasdaq) @ $32.50 Stop: Use a protective stop of $30.50.
CERADYNE INC is currently trading @ $31.94 plus $3.24 on Apr 23, 2004. Price Objective:
$44.50. Risk/Reward: $2.00 VS. $12.00. 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:
$44.50
Risk/Reward:
$2.00 VS. $12.00
Risk/Reward Ratio:
6:1
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