CONSTANT CONTACT
(CTCT-Nasdaq):
Technical Viewpoint: From a low
of $26.54 on Feb 4, 2011 prices
rallied, reaching a
high of $32.39
on Feb 18, 2011. A
decline saw prices pull back, reaching a
low of
$27.70 on Feb 24, 2011.
Another rally saw prices penetrate
resistance, closing 3/21/11
at $33.04. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 21, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.50. Resistance: Is at $29.50.
Point & Figure: Reversed to the upside on Mar 9, 2011. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! CONSTANT CONTACT
(CTCT-Nasdaq) @ $33.50 Stop: Use a protective stop of $31.50.
CONSTANT CONTACT is currently trading @ $33.04 plus $3.00 on Mar 21, 2011. Price Objective:
$44.00. Risk/Reward: $2.00 VS. $10.50. Today's Risk Reward Ratio: 5:1
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