CLEAN HARBORS INC
(CLHB-Nasdaq):
Technical Viewpoint: From a low
of $17.71 on Mar 29, 2005 prices
rallied, reaching a
high of $20.20
on Apr 5, 2005. A
decline saw prices pull back, reaching a
low of
$15.21 on Apr 27, 2005.
Another rally saw prices penetrate
resistance, closing 5/8/05
at $19.65. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 4, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $16.66. Resistance: Is at $20.04.
Point & Figure: Reversed to the upside on Apr 28, 2005. A P&F upside
reversal takes place at $18.00. Summary: Technical indicators have turned bullish. BUY! CLEAN HARBORS INC
(CLHB-Nasdaq) @ $19.88 Stop: Use a protective stop of $18.38.
CLEAN HARBORS INC is currently trading @ $19.65 plus $2.02 on May 6, 2005. Price Objective:
$27.50. Risk/Reward: $1.50 VS. $7.62. Today's Risk Reward Ratio: 5:1
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