PRECISION DRILLING CORP
(PDS-NYSE):
Technical Viewpoint: From a low
of $15.39 on Jan 23, 2008 prices
rallied, reaching a
high of $22.91
on Feb 29, 2008. A
decline saw prices pull back, reaching a
low of
$19.46 on Mar 20, 2008.
Another rally saw prices penetrate
resistance, closing 4/4/08
at $23.93. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 26, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $19.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 26, 2008. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! PRECISION DRILLING CORP
(PDS-NYSE) @ $24.13 Stop: Use a protective stop of $22.13.
PRECISION DRILLING CORP is currently trading @ $23.93 plus $1.00 on Apr 4, 2008. Price Objective:
$30.00. Risk/Reward: $2.00 VS. $5.87. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$30.00
Risk/Reward:
$2.00 VS. $5.87
Risk/Reward Ratio:
3:1
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