ADVANCEPS
(ADVP-Nasdaq):
Technical Viewpoint: From a low
of $26.66 on Mar 11, 2003 prices
rallied, reaching a
high of $30.00
on Mar 26, 2003. A
decline saw prices pull back, reaching a
low of
$25.53 on Apr 21, 2003.
Another rally saw prices penetrate
resistance, closing 5/7/03
at $33.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 30, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.75. Resistance: Is at $35.17.
Point & Figure: Reversed to the upside on May 7, 2003. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! ADVANCEPS
(ADVP-Nasdaq) @ $33.63 Stop: Use a protective stop of $31.63.
ADVANCEPS is currently trading @ $33.19 plus $2.52 on May 7, 2003. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $11.38. Today's Risk Reward Ratio: 6:1
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