|
|
|
|
 |
 |
|
* Today's Sector Analysis: "Drugs  " Institutional Technical Viewpoint
Buy Alert!
United Industrial
(UIC):
$31.13 Stop. $29.13 P-Stop $49.50 P-Objective
Dow Jones Ind: 10,110.14 plus 69.32 points Aug 20, 2004 * Price Objective: 11,800
Volume Two No. 2066
|
TICKER
|
COMPANY NAME
|
BUY!
SELL
|
RSI INDEX
* OPTIONS
|
ENTRY
PRICE
|
STOPS
8/23/04
|
PRICE
OBJ
|
CLOSE
PRICE
|
|
ACF
|
AMERCREDIT CORP
|
BUY!
|
* RSI: 60
|
$21.13
|
$19.63
|
$30.00
|
$49.50
|
|
ADSK
|
AUTODESK INC
|
BUY!
|
* RSI: 62
|
$42.50
|
$40.50
|
$52.00
|
$42.06
|
|
* BSTE
|
BIOSITE INC
|
BUY!
|
* RSI: 68
|
$47.38
|
$45.38
|
$59.00
|
$47.23
|
|
FAST
|
FASTENAL COMPANY
|
BUY!
|
* RSI: 58
|
$62.13
|
$59.63
|
$75.00
|
$61.89
|
|
MAC
|
MACERICH CO
|
BUY!
|
* RSI: 69
|
$51.63
|
$49.13
|
$69.50
|
$50.98
|
|
MDCC
|
MOLECULAR DEVICES
|
BUY!
|
* RSI: 71
|
$23.75
|
$21.75
|
$35.00
|
$23.73
|
|
NCEN
|
NEW CENTURY FINANCIAL
|
BUY!
|
* RSI: 69
|
$51.25
|
$48.75
|
$65.00
|
$50.97
|
|
TCO
|
TAUBMAN CENTERS INC
|
BUY!
|
* RSI: 62
|
$25.13
|
$23.13
|
$34.00
|
$24.45
|
|
Drugs
BRL: $40.13 COS: $25.63 ICOS: $15.50
|
Buy Alerts
AUGT: $11.13 HPC: $12.75 PSSI: $11.38
|
|
INFOSPACE INC
(INSP-Nasdaq):
Technical Viewpoint: From a low
of $26.50 on Jul 22, 2004 prices
rallied, reaching a
high of $38.15
on Aug 2, 2004. A
decline saw prices pull back, reaching a
low of
$32.80 on Aug 9, 2004.
Another rally saw prices penetrate
resistance, closing 8/20/04
at $39.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 2, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at $42.00.
Point & Figure: Reversed to the upside on Aug 18, 2004. A P&F upside
reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! INFOSPACE INC
(INSP-Nasdaq) @ $39.75 Stop: Use a protective stop of $37.75.
INFOSPACE INC is currently trading @ $39.41 plus $2.14 on Aug 21, 2004. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $15.25. Today's Risk Reward Ratio: 8:1
|
Click here to view full size chart
|
|
|
|
|
|
|
DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
|
|
