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ASSOCIATED BANC CORP
(ASBC-Nasdaq):
Technical Viewpoint: From a low
of $15.25 on Jul 28, 2008 prices
rallied, reaching a
high of $19.75
on Aug 11, 2008. A
decline saw prices pull back, reaching a
low of
$16.25 on Aug 28, 2008.
Another rally saw prices penetrate
resistance, closing 9/12/08
at $20.71. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 3, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.00. Resistance: Is at $20.98.
Point & Figure: Reversed to the upside on Sep 2, 2008. A P&F upside
reversal takes place at $17.50. Summary: Technical indicators have turned bullish. BUY! ASSOCIATED BANC CORP
(ASBC-Nasdaq) @ $21.13 Stop: Use a protective stop of $19.63.
ASSOCIATED BANC CORP is currently trading @ $20.71 plus $1.36 on Sep 12, 2008. Price Objective:
$28.00. Risk/Reward: $1.50 VS. $6.87. 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:
$28.00
Risk/Reward:
$1.50 VS. $6.87
Risk/Reward Ratio:
5:1
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