JACKSON HEWITT
(JTX-NYSE):
Technical Viewpoint: From a low
of $28.82 on Apr 12, 2006 prices
rallied, reaching a
high of $30.77
on Apr 18, 2006. A
decline saw prices pull back, reaching a
low of
$29.03 on Apr 24, 2006.
Another rally saw prices penetrate
resistance, closing 5/12/06
at $32.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 4, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $30.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 12, 2006. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! JACKSON HEWITT
(JTX-NYSE) @ $33.13 Stop: Use a protective stop of $31.13.
JACKSON HEWITT is currently trading @ $32.72 plus $2.57 on May 12, 2006. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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