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READERS DIGEST
(RDA-NYSE):
Technical Viewpoint: From a low
of $28 1/8 on Apr 7, 1999 prices
rallied, reaching a
high of $36.69
on May 6, 1999. A
decline saw prices pull back, reaching a
low of
$33 1/4 on May 20, 1999.
Another rally saw prices penetrate
resistance, closing 5/27/99
at $37 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 30, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 26, 1999. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! READERS DIGEST
(RDA-NYSE) @ $38 5/8 Stop: Use a protective stop of $36 3/8.
READERS DIGEST is currently trading @ $37 1/2 plus $1.69 on May 27, 1999. Price Objective:
$52 1/2. Risk/Reward: $2 1/4 VS. $13 7/8. 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:
$52 1/2
Risk/Reward:
$2 1/4 VS. $13 7/8
Risk/Reward Ratio:
6:1
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