RYANAIR HLDGS PLC ADR
(RYAAY-Nasdaq):
Technical Viewpoint: From a low
of $15.71 on Oct 9, 2008 prices
rallied, reaching a
high of $26.39
on Nov 10, 2008. A
decline saw prices pull back, reaching a
low of
$20.69 on Nov 19, 2008.
Another rally saw prices penetrate
resistance, closing 12/5/08
at $28.30. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 5, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.39. Resistance: Is at $28.47.
Point & Figure: Reversed to the upside on Dec 5, 2008. A P&F upside
reversal takes place at $23.00. Summary: Technical indicators have turned bullish. BUY! RYANAIR HLDGS PLC ADR
(RYAAY-Nasdaq) @ $28.38 Stop: Use a protective stop of $26.38.
RYANAIR HLDGS PLC ADR is currently trading @ $28.30 plus $2.62 on Dec 5, 2008. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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