REYNOLDS & REYNOLDS CO
(REY-NYSE):
Technical Viewpoint: From a low
of $27.76 on Jun 14, 2006 prices
rallied, reaching a
high of $30.89
on Jul 3, 2006. A
decline saw prices pull back, reaching a
low of
$29.09 on Jul 18, 2006.
Another rally saw prices penetrate
resistance, closing 7/21/06
at $31.85. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 21, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.36. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 28, 2006. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! REYNOLDS & REYNOLDS CO
(REY-NYSE) @ $29.63 Stop: Use a protective stop of $27.63.
REYNOLDS & REYNOLDS CO is currently trading @ $31.85 plus $2.48 on Jul 21, 2006. Price Objective:
$41.50. Risk/Reward: $2.00 VS. $11.87. Today's Risk Reward Ratio: 6:1
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