TANDY
(TAN-NYSE):
Technical Viewpoint: From a low
of $51.56 on Feb 10, 1999 prices
rallied, reaching a
high of $59 3/8
on Feb 23, 1999. A
decline saw prices pull back, reaching a
low of
$54.69 on Mar 5, 1999.
Another rally saw prices penetrate
resistance, closing 3/11/99
at $59.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 6, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 11, 1999. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! TANDY
(TAN-NYSE) @ $60 1/8 Stop: Use a protective stop of $57 1/4.
TANDY is currently trading @ $59.69 plus $2.81 on Mar 11, 1999. Price Objective:
$73.00. Risk/Reward: $2 7/8 VS. $12 7/8. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$73.00
Risk/Reward:
$2 7/8 VS. $12 7/8
Risk/Reward Ratio:
4:1
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