ADTRAN INC
(ADTN-Nasdaq):
Technical Viewpoint: From a low
of $21.95 on Feb 1, 2007 prices
rallied, reaching a
high of $24.25
on Feb 20, 2007. A
decline saw prices pull back, reaching a
low of
$22.01 on Mar 1, 2007.
Another rally saw prices penetrate
resistance, closing 3/23/07
at $25.28. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 15, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $22.00. Resistance: Is at $25.70.
Point & Figure: Reversed to the upside on Jan 4, 2007. A P&F upside
reversal takes place at $22.00. Summary: Technical indicators have turned bullish. BUY! ADTRAN INC
(ADTN-Nasdaq) @ $25.50 Stop: Use a protective stop of $23.50.
ADTRAN INC is currently trading @ $25.28 plus $1.78 on Mar 23, 2007. Price Objective:
$34.50. Risk/Reward: $2.00 VS. $9.00. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|