Harry Aloof
04-23-2007, 05:29 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CERIDAN CP (CEN-NYSE): Technical Viewpoint: From a low of $30.22 on Feb 9, 2007 prices rallied, reaching a high of $34.38 on Feb 15, 2007. A decline saw prices pull back, reaching a low of $31.56 on Mar 14, 2007. Another rally saw prices penetrate resistance, closing 3/30/07 at $34.84. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 27, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $32.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 30, 2007. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! CERIDAN CP (CEN-NYSE) @ $30.75 Stop: Use a protective stop of $28.75. CERIDAN CP is currently trading @ $34.84 plus $1.84 on Mar 30, 2007.
Price Objective: $38.00
Risk/Reward: $2.00 VS. $7.25
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2134-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CERIDAN CP (CEN-NYSE): Technical Viewpoint: From a low of $30.22 on Feb 9, 2007 prices rallied, reaching a high of $34.38 on Feb 15, 2007. A decline saw prices pull back, reaching a low of $31.56 on Mar 14, 2007. Another rally saw prices penetrate resistance, closing 3/30/07 at $34.84. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 27, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $32.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 30, 2007. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! CERIDAN CP (CEN-NYSE) @ $30.75 Stop: Use a protective stop of $28.75. CERIDAN CP is currently trading @ $34.84 plus $1.84 on Mar 30, 2007.
Price Objective: $38.00
Risk/Reward: $2.00 VS. $7.25
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2134-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)