NEW CENTURY FINANCIAL CP
(NCEN-Nasdaq):
Technical Viewpoint: From a low
of $16.71 on Oct 10, 2002 prices
rallied, reaching a
high of $24.97
on Oct 28, 2002. A
decline saw prices pull back, reaching a
low of
$16.33 on Nov 19, 2002.
Another rally saw prices penetrate
resistance, closing 12/24/02
at $26.98. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 10, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.25. Resistance: Is at $30.99.
Point & Figure: Reversed to the upside on Dec 17, 2002. A P&F upside
reversal takes place at $24.75. Summary: Technical indicators have turned bullish. BUY! NEW CENTURY FINANCIAL CP
(NCEN-Nasdaq) @ $27.13 Stop: Use a protective stop of $25.13.
NEW CENTURY FINANCIAL CP is currently trading @ $26.98 plus $2.38 on Dec 24, 2002. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $10.88. Today's Risk Reward Ratio: 5:1
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