STANDEX INTL CORP
(SXI-NYSE):
Technical Viewpoint: From a low
of $27.72 on Nov 16, 2010 prices
rallied, reaching a
high of $32.54
on Dec 28, 2010. A
decline saw prices pull back, reaching a
low of
$28.81 on Jan 20, 2011.
Another rally saw prices penetrate
resistance, closing 1/28/11
at $33.15. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 28, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 27, 2011. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! Standex Intl Corp
(SXI-NYSE) @ $33.50 Stop: Use a protective stop of $31.50.
Standex Intl Corp is currently trading @ $33.15 plus $2.65 on Jan 30, 2011. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $11.50. Today's Risk Reward Ratio: 6:1
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