BUY! FREIGHTCAR AMERICA INC (RAIL) Nasdaq

  Report No. 2187    Analysis by: Harry Aloof     SEPTEMBER 5, 2006

FREIGHTCAR AMERICA INC (RAIL-Nasdaq): Technical Viewpoint: From a low of $51.24 on Aug 10, 2006 prices rallied, reaching a high of $59.19 on Aug 18, 2006. A decline saw prices pull back, reaching a low of $55.38 on Aug 28, 2006. Another rally saw prices penetrate resistance, closing 9/1/06 at $60.05. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 1, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $56.00. Resistance: Is at $62.00. Point & Figure: Reversed to the upside on Sep 1, 2006. A P&F upside reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! FREIGHTCAR AMERICA INC (RAIL-Nasdaq) @ $60.50 Stop: Use a protective stop of $58.13. FREIGHTCAR AMERICA INC is currently trading @ $60.05 plus $1.85 on Sep 1, 2006. Price Objective: $72.50. Risk/Reward: $2.38 VS. $12.00. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$72.50 Risk/Reward:
$2.38 VS. $12.00 Risk/Reward Ratio:
5:1
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