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ELCO INT'L
(ELCO-Nasdaq):
Technical Viewpoint: From a low
of $11 3/4 on Dec 23, 1999 prices
rallied, reaching a
high of $50 1/2
on Dec 29, 1999. A
decline saw prices pull back, reaching a
low of
$26.31 on Dec 30, 1999.
Another rally saw prices penetrate
resistance, closing 12/31/99
at $34.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 28, 1999 when the solid line crossed the dotted line to the upside.
Support: Remains at $27 1/4. Resistance: Is at $50 1/2.
Point & Figure: Reversed to the upside on Dec 31, 1999. A P&F upside
reversal takes place at $32 1/4. Summary: Technical indicators have turned bullish. BUY! ELCO INT'L
(ELCO-Nasdaq) @ $35 1/8 Stop: Use a protective stop of $32 1/4.
ELCO INT'L is currently trading @ $34.00 plus $5 1/8 on Dec 31, 1999. Price Objective:
$68.00. Risk/Reward: $2 7/8 VS. $32 7/8. Today's Risk Reward Ratio: 11:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$68.00
Risk/Reward:
$2 7/8 VS. $32 7/8
Risk/Reward Ratio:
11:1
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