TECH DATA CORP
(TECD-Nasdaq):
Technical Viewpoint: From a low
of $31.48 on Nov 24, 2003 prices
rallied, reaching a
high of $37.91
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$35.44 on Dec 9, 2003.
Another rally saw prices penetrate
resistance, closing 12/17/03
at $38.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 26, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 17, 2003. A P&F upside
reversal takes place at $37.50. Summary: Technical indicators have turned bullish. BUY! TECH DATA CORP
(TECD-Nasdaq) @ $39.13 Stop: Use a protective stop of $37.13.
TECH DATA CORP is currently trading @ $38.94 plus $1.47 on Dec 17, 2003. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $10.37. Today's Risk Reward Ratio: 5:1
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