FREIGHTCAR AMERICA INC
(RAIL-Nasdaq):
Technical Viewpoint: From a low
of $51.24 on Aug 10, 2006 prices
rallied, reaching a
high of $59.19
on Aug 18, 2006. A
decline saw prices pull back, reaching a
low of
$55.38 on Aug 28, 2006.
Another rally saw prices penetrate
resistance, closing 9/1/06
at $60.05. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 1, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $56.00. Resistance: Is at $62.00.
Point & Figure: Reversed to the upside on Sep 1, 2006. A P&F upside
reversal takes place at $56.00. Summary: Technical indicators have turned bullish. BUY! FREIGHTCAR AMERICA INC
(RAIL-Nasdaq) @ $60.50 Stop: Use a protective stop of $58.13.
FREIGHTCAR AMERICA INC is currently trading @ $60.05 plus $1.85 on Sep 1, 2006. Price Objective:
$72.50. Risk/Reward: $2.38 VS. $12.00. Today's Risk Reward Ratio: 5:1
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