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ENERGY CONVERSN DEVICES
(ENER-Nasdaq):
Technical Viewpoint: From a low
of $34.02 on May 7, 2008 prices
rallied, reaching a
high of $58.69
on May 19, 2008. A
decline saw prices pull back, reaching a
low of
$51.25 on May 22, 2008.
Another rally saw prices penetrate
resistance, closing 5/30/08
at $63.48. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 30, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $. Resistance: Is at $.
Point & Figure: Reversed to the upside on May 23, 2008. A P&F upside
reversal takes place at $61.00. Summary: Technical indicators have turned bullish. BUY! ENERGY CONVERSN DEVICES
(ENER-Nasdaq) @ $64.63 Stop: Use a protective stop of $62.13.
ENERGY CONVERSN DEVICES is currently trading @ $63.48 plus $8.78 on May 30, 2008. Price Objective:
$79.50. Risk/Reward: $2.50 VS. $14.87. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.50
Risk/Reward:
$2.50 VS. $14.87
Risk/Reward Ratio:
6:1
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