TENARIS SA
(TS-NYSE):
Technical Viewpoint: From a low
of $34.92 on Jul 27, 2004 prices
rallied, reaching a
high of $41.70
on Aug 9, 2004. A
decline saw prices pull back, reaching a
low of
$37.61 on Aug 26, 2004.
Another rally saw prices penetrate
resistance, closing 9/9/04
at $43.50. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 9, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 9, 2004. A P&F upside
reversal takes place at $41.25. Summary: Technical indicators have turned bullish. BUY! TENARIS SA
(TS-NYSE) @ $43.75 Stop: Use a protective stop of $41.75.
TENARIS SA is currently trading @ $43.50 plus $3.58 on Sep 9, 2004. Price Objective:
$53.25. 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:
$53.25
Risk/Reward:
$2.00 VS. $9.50
Risk/Reward Ratio:
5:1
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