ROBBINS & MYERS INC
(RBN-NYSE):
Technical Viewpoint: From a low
of $28.07 on Nov 18, 2010 prices
rallied, reaching a
high of $35.72
on Dec 15, 2010. A
decline saw prices pull back, reaching a
low of
$34.43 on Dec 28, 2010.
Another rally saw prices penetrate
resistance, closing 1/7/11
at $41.18. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 7, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 3, 2010. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! ROBBINS & MYERS INC
(RBN-NYSE) @ $41.25 Stop: Use a protective stop of $39.25.
ROBBINS & MYERS INC is currently trading @ $41.18 plus $5.65 on Jan 7, 2011. Price Objective:
$17.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$17.00
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
6:1
|