SWIFT TRANSPORTATION
(SWFT-Nasdaq):
Technical Viewpoint: From a low
of $14.40 on Jun 18, 2001 prices
rallied, reaching a
high of $21.40
on Jul 17, 2001. A
decline saw prices pull back, reaching a
low of
$18.70 on Aug 14, 2001.
Another rally saw prices penetrate
resistance, closing 8/29/01
at $22.29. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 20, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.50. Resistance: Is at $23.13.
Point & Figure: Reversed to the upside on Aug 22, 2001. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! SWIFT TRANSPORTATION
(SWFT-Nasdaq) @ $22.62 Stop: Use a protective stop of $20.62.
SWIFT TRANSPORTATION is currently trading @ $22.29 plus $1.39 on Aug 29, 2001. Price Objective:
$33.00. Risk/Reward: $2.00 VS. $10.60. Today's Risk Reward Ratio: 5:1
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