SPORTS AUTHORITY
(TSA-NYSE):
Technical Viewpoint: From a low
of $27.63 on Jul 10, 2003 prices
rallied, reaching a
high of $31.59
on Jul 14, 2003. A
decline saw prices pull back, reaching a
low of
$25.83 on Aug 8, 2003.
Another rally saw prices penetrate
resistance, closing 8/22/03
at $31.50. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 20, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $27.00. Resistance: Is at $32.20.
Point & Figure: Reversed to the upside on Aug 22, 2003. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! SPORTS AUTHORITY
(TSA-NYSE) @ $31.75 Stop: Use a protective stop of $29.75.
SPORTS AUTHORITY is currently trading @ $31.50 plus $1.62 on Aug 22, 2003. Price Objective:
$44.25. Risk/Reward: $2.00 VS. $12.50. Today's Risk Reward Ratio: 6.25
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