MDU RESOURCES GROUP INC
(MDU-NYSE):
Technical Viewpoint: From a low
of $17.61 on Jul 1, 2010 prices
rallied, reaching a
high of $20.48
on Jul 27, 2010. A
decline saw prices pull back, reaching a
low of
$18.10 on Aug 25, 2010.
Another rally saw prices penetrate
resistance, closing 10/1/10
at $20.52. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 2, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 1, 2010. A P&F upside
reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! MDU RESOURCES GROUP INC
(MDU-NYSE) @ $20.75 Stop: Use a protective stop of $19.25.
MDU RESOURCES GROUP INC is currently trading @ $20.52 plus $0.57 on Oct 1, 2010. Price Objective:
$29.50. Risk/Reward: $1.50 VS. $9.25. Today's Risk Reward Ratio: 6;1
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