MENTOR CORP MINNESOTA
(MNT-NYSE):
Technical Viewpoint: From a low
of $32.57 on Aug 6, 2004 prices
rallied, reaching a
high of $34.50
on Aug 20, 2004. A
decline saw prices pull back, reaching a
low of
$33.44 on Aug 27, 2004.
Another rally saw prices penetrate
resistance, closing 8/31/04
at $35.18. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 31, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 31, 2004. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! MENTOR CORP MINNESOTA
(MNT-NYSE) @ $35.50 Stop: Use a protective stop of $33.50.
MENTOR CORP MINNESOTA is currently trading @ $35.18 plus $1.50 on Aug 31, 2004. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $9.50. 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:
$45.00
Risk/Reward:
$2.00 VS. $9.50
Risk/Reward Ratio:
5:1
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