PROSHARES ULTRASHORT S&P 500
(SDS-NYSE):
Technical Viewpoint: From a low
of $49.00 on Jul 17, 2007 prices
rallied, reaching a
high of $57.74
on Aug 1, 2007. A
decline saw prices pull back, reaching a
low of
$54.86 on Aug 6, 2007.
Another rally saw prices penetrate
resistance, closing 8/3/07
at $58.05. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 5, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.86. Resistance: Is at $58.87.
Point & Figure: Reversed to the upside on Aug 5, 2007. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! PROSHARES ULTRASHORT S&P 500
(SDS-NYSE) @ $59.38 Stop: Use a protective stop of $55.88.
PROSHARES ULTRASHORT S&P 500 is currently trading @ $58.05 plus $3.04 on Aug 3, 2007. Price Objective:
$67.50. Risk/Reward: $2.50 VS. $9.12. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.50
Risk/Reward:
$2.50 VS. $9.12
Risk/Reward Ratio:
4:1
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