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POWER SHARES QQQ TRUST
(QQQ-Nasdaq):
Technical Viewpoint: From a low
of $60.76 on May 29, 2012 prices
rallied, reaching a
high of $63.15
on May 29, 2012. A
decline saw prices pull back, reaching a
low of
$60.04 on Jun 4, 2012.
Another rally saw prices penetrate
resistance, closing 6/8/12
at $62.87. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 8, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $61.96. Resistance: Is at $63.18.
Point & Figure: Reversed to the upside on Jun 7, 2012. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! Power Shares QQQ Trust
(QQQ-Nasdaq) @ $62.96 Stop: Use a protective stop of $60.96.
Power Shares QQQ Trust is currently trading @ $62.87 plus $0.96 on Jun 8, 2012. Price Objective:
$75.00. Risk/Reward: $2.00 VS. $12.04. 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:
$75.00
Risk/Reward:
$2.00 VS. $12.04
Risk/Reward Ratio:
6:1
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