|
EXCEL MARITIME CARRIERS
(EXM-NYSE):
Technical Viewpoint: From a low
of $28.21 on Aug 10, 2007 prices
rallied, reaching a
high of $37.35
on Aug 14, 2007. A
decline saw prices pull back, reaching a
low of
$27.29 on Aug 16, 2007.
Another rally saw prices penetrate
resistance, closing 8/31/07
at $43.03. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 24, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $37.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 31, 2007. A P&F upside
reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! EXCEL MARITIME CARRIERS
(EXM-NYSE) @ $43.25 Stop: Use a protective stop of $41.25.
EXCEL MARITIME CARRIERS is currently trading @ $43.03 plus $4.03 on Aug 31, 2007. Price Objective:
$53.50. Risk/Reward: $2.00 VS. $10.25. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$53.50
Risk/Reward:
$2.00 VS. $10.25
Risk/Reward Ratio:
5:1
|
