ACCREDITED HOME LENDERS
(LEND-Nasdaq):
Technical Viewpoint: From a low
of $13.01 on May 20, 2003 prices
rallied, reaching a
high of $18.00
on May 28, 2003. A
decline saw prices pull back, reaching a
low of
$15.60 on May 30, 2003.
Another rally saw prices penetrate
resistance, closing 6/9/03
at $19.76. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 22, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.25. Resistance: Is at $31.00.
Point & Figure: Reversed to the upside on Jun 9, 2003. A P&F upside
reversal takes place at $19.25. Summary: Technical indicators have turned bullish. BUY! ACCREDITED HOME LENDERS
(LEND-Nasdaq) @ $20.13 Stop: Use a protective stop of $18.63.
ACCREDITED HOME LENDERS is currently trading @ $19.76 plus $1.81 on Jun 9, 2003. Price Objective:
$27.50. Risk/Reward: $1.50 VS. $7.38. Today's Risk Reward Ratio: 5:1
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