FOSSIL INCORPORATED
(FOSL-Nasdaq):
Technical Viewpoint: From a low
of $21.75 on Jun 10, 2003 prices
rallied, reaching a
high of $27.34
on Jul 9, 2003. A
decline saw prices pull back, reaching a
low of
$24.93 on Aug 7, 2003.
Another rally saw prices penetrate
resistance, closing 8/12/03
at $27.80. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 12, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 11, 2003. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! FOSSIL INCORPORATED
(FOSL-Nasdaq) @ $27.88 Stop: Use a protective stop of $25.88.
FOSSIL INCORPORATED is currently trading @ $27.80 plus $2.00 on Aug 12, 2003. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $9.63. Today's Risk Reward Ratio: 5:1
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