CHAPARRAL STEEL CO
(CHAP-Nasdaq):
Technical Viewpoint: From a low
of $33.47 on Oct 3, 2006 prices
rallied, reaching a
high of $43.17
on Oct 25, 2006. A
decline saw prices pull back, reaching a
low of
$39.10 on Nov 2, 2006.
Another rally saw prices penetrate
resistance, closing 11/17/06
at $44.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 17, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $41.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 15, 2006. A P&F upside
reversal takes place at $42.00. Summary: Technical indicators have turned bullish. BUY! CHAPARRAL STEEL CO
(CHAP-Nasdaq) @ $45.13 Stop: Use a protective stop of $43.13.
CHAPARRAL STEEL CO is currently trading @ $44.45 plus $2.98 on Nov 19, 2006. Price Objective:
$33.50. Risk/Reward: $2.00 VS. $12.37. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$33.50
Risk/Reward:
$2.00 VS. $12.37
Risk/Reward Ratio:
6:1
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