STATION CASINOS INC
(STN-NYSE):
Technical Viewpoint: From a low
of $43.89 on Apr 15, 2004 prices
rallied, reaching a
high of $49.63
on Apr 22, 2004. A
decline saw prices pull back, reaching a
low of
$41.35 on May 17, 2004.
Another rally saw prices penetrate
resistance, closing 6/4/04
at $48.11. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 26, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $42.88. Resistance: Is at $49.63.
Point & Figure: Reversed to the upside on Jun 4, 2004. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! STATION CASINOS INC
(STN-NYSE) @ $48.25 Stop: Use a protective stop of $46.25.
STATION CASINOS INC is currently trading @ $48.11 plus $2.46 on Jun 4, 2004. Price Objective:
$62.50. Risk/Reward: $2.00 VS. $14.25. Today's Risk Reward Ratio: 7:1
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