INTERNAT RECTIFIER CORP
(IRF-NYSE):
Technical Viewpoint: From a low
of $27.02 on Jul 30, 2003 prices
rallied, reaching a
high of $32.40
on Aug 4, 2003. A
decline saw prices pull back, reaching a
low of
$30.02 on Aug 8, 2003.
Another rally saw prices penetrate
resistance, closing 8/13/03
at $32.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 29, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.50. Resistance: Is at $42.24.
Point & Figure: Reversed to the upside on Aug 13, 2003. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! INTERNAT RECTIFIER CORP
(IRF-NYSE) @ $33.63 Stop: Use a protective stop of $31.63.
INTERNAT RECTIFIER CORP is currently trading @ $32.99 plus $1.35 on Aug 13, 2003. Price Objective:
$46.50. Risk/Reward: $2.00 VS. $12.88. Today's Risk Reward Ratio: 6:1
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