BUY! MEDCATH CORP (MDTH) Nasdaq

  Report No. 2005    Analysis by: Harry Aloof     MAY 19, 2004

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

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Price Objective:
$28.00 Risk/Reward:
$1.50 VS. $10.12 Risk/Reward Ratio:
7:1
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