BE AEROSPACE INC
(BEAV-Nasdaq):
Technical Viewpoint: From a low
of $17.47 on Nov 3, 2009 prices
rallied, reaching a
high of $21.01
on Dec 13, 2009. A
decline saw prices pull back, reaching a
low of
$18.92 on Nov 30, 2009.
Another rally saw prices penetrate
resistance, closing 12/4/09
at $23.43. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 4, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $21.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 3, 2009. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! BE AEROSPACE INC
(BEAV-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50.
BE AEROSPACE INC is currently trading @ $23.43 plus $2.03 on Dec 4, 2009. Price Objective:
$31.00. Risk/Reward: $2.00 VS. $7.50. Today's Risk Reward Ratio: 4:1
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