COPART INC
(CPRT-Nasdaq):
Technical Viewpoint: From a low
of $22.30 on Aug 22, 2001 prices
rallied, reaching a
high of $25.85
on Sep 4, 2001. A
decline saw prices pull back, reaching a
low of
$21.77 on Sep 17, 2001.
Another rally saw prices penetrate
resistance, closing 9/24/01
at $27.00. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 3, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $25.75. Resistance: Is at $28.85.
Point & Figure: Reversed to the upside on Sep 24, 2001. A P&F upside
reversal takes place at $25.50. Summary: Technical indicators have turned bullish. BUY! COPART INC
(CPRT-Nasdaq) @ $27.38 Stop: Use a protective stop of $25.38.
COPART INC is currently trading @ $27.00 plus $3.34 on Sep 24, 2001. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $11.63. Today's Risk Reward Ratio: 6:1
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