NEXEX INC
(NXY-NYSE):
Technical Viewpoint: From a low
of $23.27 on May 16, 2005 prices
rallied, reaching a
high of $32.32
on Jun 23, 2005. A
decline saw prices pull back, reaching a
low of
$29.79 on Jun 29, 2005.
Another rally saw prices penetrate
resistance, closing 7/1/05
at $34.60. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 1, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 2, 2005. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! NEXEX INC
(NXY-NYSE) @ $34.88 Stop: Use a protective stop of $32.88.
NEXEX INC is currently trading @ $34.60 plus $4.24 on Jul 1, 2005. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $10.45. 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. $10.45
Risk/Reward Ratio:
5:1
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