MEDCATH CORP
(MDTH-Nasdaq):
Technical Viewpoint: From a low
of $14.67 on Apr 14, 2004 prices
rallied, reaching a
high of $16.43
on Apr 28, 2004. A
decline saw prices pull back, reaching a
low of
$14.95 on May 3, 2004.
Another rally saw prices penetrate
resistance, closing 5/18/04
at $17.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 5, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $16.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 7, 2004. A P&F upside
reversal takes place at $16.00. Summary: Technical indicators have turned bullish. BUY! MEDCATH CORP
(MDTH-Nasdaq) @ $17.88 Stop: Use a protective stop of $16.38.
MEDCATH CORP is currently trading @ $17.80 plus $1.60 on May 18, 2004. Price Objective:
$28.00. Risk/Reward: $1.50 VS. $10.12. Today's Risk Reward Ratio: 7:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$28.00
Risk/Reward:
$1.50 VS. $10.12
Risk/Reward Ratio:
7:1
|