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AIR METHODS CORP
(AIRM-Nasdaq):
Technical Viewpoint: From a low
of $49.22 on Jan 31, 2011 prices
rallied, reaching a
high of $71.22
on Apr 5, 2011. A
decline saw prices pull back, reaching a
low of
$63.87 on May 25, 2011.
Another rally saw prices penetrate
resistance, closing 6/3/11
at $73.55. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 3, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $70.90. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 3, 2011. A P&F upside
reversal takes place at $71.00. Summary: Technical indicators have turned bullish. BUY! Air Methods Corp
(AIRM-Nasdaq) @ $74.25 Stop: Use a protective stop of $71.50.
Air Methods Corp is currently trading @ $73.55 plus $13.39 on Jun 3, 2011. Price Objective:
$99.50. Risk/Reward: $2.75 VS. $25.50. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$99.50
Risk/Reward:
$2.75 VS. $25.50
Risk/Reward Ratio:
9:1
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