SWIFT TRANSPORTATION
(SWFT-Nasdaq):
Technical Viewpoint: From a low
of $18.11 on Apr 25, 2002 prices
rallied, reaching a
high of $21.69
on May 31, 2002. A
decline saw prices pull back, reaching a
low of
$19.30 on Jun 7, 2002.
Another rally saw prices penetrate
resistance, closing 6/13/02
at $21.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 29, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.50. Resistance: Is at $22.80.
Point & Figure: Reversed to the upside on Jun 12, 2002. A P&F upside
reversal takes place at $20.65. Summary: Technical indicators have turned bullish. BUY! SWIFT TRANSPORTATION
(SWFT-Nasdaq) @ $22.13 Stop: Use a protective stop of $20.13.
SWIFT TRANSPORTATION is currently trading @ $21.80 plus $0.87 on Jun 13, 2002. Price Objective:
$29.50. Risk/Reward: $2.00 VS. $7.38. Today's Risk Reward Ratio: 4:1
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