VORNADO REALTY TRUST
(VNO-NYSE):
Technical Viewpoint: From a low
of $77.39 on Jan 9, 2008 prices
rallied, reaching a
high of $86.13
on Jan 11, 2008. A
decline saw prices pull back, reaching a
low of
$77.54 on Jan 22, 2008.
Another rally saw prices penetrate
resistance, closing 2/1/08
at $94.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 23, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $96.75. Resistance: Is at $94.72.
Point & Figure: Reversed to the upside on Feb 1, 2008. A P&F upside
reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! VORNADO REALTY TRUST
(VNO-NYSE) @ $94.50 Stop: Use a protective stop of $91.75.
VORNADO REALTY TRUST is currently trading @ $94.00 plus $3.70 on Feb 1, 2008. Price Objective:
$115.00. Risk/Reward: $2.75 VS. $20.50. Today's Risk Reward Ratio: 7:1
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