LUMINEX CP
(LMNX-Nasdaq):
Technical Viewpoint: From a low
of $18.00 on May 9, 2008 prices
rallied, reaching a
high of $23.09
on Jun 5, 2008. A
decline saw prices pull back, reaching a
low of
$19.41 on Jul 7, 2008.
Another rally saw prices penetrate
resistance, closing 8/1/08
at $23.83. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 11, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $19.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 24, 2008. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! LUMINEX CP
(LMNX-Nasdaq) @ $23.88 Stop: Use a protective stop of $21.88.
LUMINEX CP is currently trading @ $23.83 plus $1.83 on Aug 1, 2008. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $8.62. Today's Risk Reward Ratio: 4:1
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