CALGON CARBON CORP
(CCC-NYSE):
Technical Viewpoint: From a low
of $14.04 on Jul 9, 2008 prices
rallied, reaching a
high of $20.25
on Jul 31, 2008. A
decline saw prices pull back, reaching a
low of
$18.47 on Aug 15, 2008.
Another rally saw prices penetrate
resistance, closing 8/29/08
at $21.33. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 29, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 21, 2008. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! CALGON CARBON CORP
(CCC-NYSE) @ $21.75 Stop: Use a protective stop of $20.25.
CALGON CARBON CORP is currently trading @ $21.33 plus $1.42 on Aug 29, 2008. Price Objective:
$31.00. Risk/Reward: $1.50 VS. $9.25. 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:
$31.00
Risk/Reward:
$1.50 VS. $9.25
Risk/Reward Ratio:
6:1
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