SYLVAN LEARNING
(SLVN-Nasdaq):
Technical Viewpoint: From a low
of $19.32 on Jun 15, 2001 prices
rallied, reaching a
high of $25.58
on Jun 28, 2001. A
decline saw prices pull back, reaching a
low of
$22.25 on Jul 2, 2001.
Another rally saw prices penetrate
resistance, closing 7/13/01
at $26.39. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jul 13, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.00. Resistance: Is at $27.88.
Point & Figure: Reversed to the upside on Jul 13, 2001. A P&F upside
reversal takes place at $24.50. Summary: Technical indicators have turned bullish. BUY! SYLVAN LEARNING
(SLVN-Nasdaq) @ $26.50 Stop: Use a protective stop of $24.50.
SYLVAN LEARNING is currently trading @ $26.39 plus $1.64 on Jul 13, 2001. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $13.00. Today's Risk Reward Ratio: 6:1
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