CLAIRES STORES
(CLE-NYSE):
Technical Viewpoint: From a low
of $37.03 on Oct 24, 2003 prices
rallied, reaching a
high of $42.96
on Nov 6, 2003. A
decline saw prices pull back, reaching a
low of
$39.92 on Nov 19, 2003.
Another rally saw prices penetrate
resistance, closing 11/20/03
at $44.55. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 9, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 20, 2003. A P&F upside
reversal takes place at $43.50. Summary: Technical indicators have turned bullish. BUY! Claires Stores
(CLE-NYSE) @ $45.13 Stop: Use a protective stop of $43.13.
Claires Stores is currently trading @ $44.55 plus $4.08 on Nov 20, 2003. Price Objective:
$54.00. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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