JABIL CIRCUIT INC
(JBL-NYSE):
Technical Viewpoint: From a low
of $20.25 on Oct 30, 2001 prices
rallied, reaching a
high of $27.50
on Nov 8, 2001. A
decline saw prices pull back, reaching a
low of
$24.50 on Nov 20, 2001.
Another rally saw prices penetrate
resistance, closing 11/27/01
at $27.78. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 26, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.00. Resistance: Is at $29.16.
Point & Figure: Reversed to the upside on Nov 26, 2001. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! JABIL CIRCUIT INC
(JBL-NYSE) @ $28.13 Stop: Use a protective stop of $26.13.
JABIL CIRCUIT INC is currently trading @ $27.78 plus $1.08 on Nov 27, 2001. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $9.88. Today's Risk Reward Ratio: 5:1
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