BUY! PRECISION DRILLING CORP (PDS) NYSE

  Report No. 2271    Analysis by: Harry Aloof     APRIL 7, 2008

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

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

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Price Objective:
$30.00 Risk/Reward:
$2.00 VS. $5.87 Risk/Reward Ratio:
3:1
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