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LEAP WIRELESS INTERNATIONAL
(LEAP -Nasdaq):
Technical Viewpoint: From a low
of $49.61 on May 8, 2008 prices
rallied, reaching a
high of $61.67
on May 16, 2008. A
decline saw prices pull back, reaching a
low of
$57.71 on May 21, 2008.
Another rally saw prices penetrate
resistance, closing 5/23/08
at $60.91. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 15, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $58.00. Resistance: Is at $61.28.
Point & Figure: Reversed to the upside on May 23, 2008. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! LEAP WIRELESS INTERNATIONAL
(LEAP -Nasdaq) @ $61.25 Stop: Use a protective stop of $58.75.
LEAP WIRELESS INTERNATIONAL is currently trading @ $60.91 plus $2.51 on May 23, 2008. Price Objective:
$72.50. Risk/Reward: $2.50 VS. $11.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$72.50
Risk/Reward:
$2.50 VS. $11.25
Risk/Reward Ratio:
5:1
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