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TERRA INDUSTRIES
(TRA-NYSE):
Technical Viewpoint: From a low
of $33.61 on Oct 5, 2009 prices
rallied, reaching a
high of $36.79
on Oct 16, 2009. A
decline saw prices pull back, reaching a
low of
$31.03 on Oct 28, 2009.
Another rally saw prices penetrate
resistance, closing 11/13/09
at $37.74. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 15, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 15, 2009. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! TERRA INDUSTRIES
(TRA-NYSE) @ $38.13 Stop: Use a protective stop of $36.13.
TERRA INDUSTRIES is currently trading @ $37.74 plus $2.54 on Nov 13, 2009. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $11.37. 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:
$49.50
Risk/Reward:
$2.00 VS. $11.37
Risk/Reward Ratio:
6:1
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