Harry Aloof
04-30-2007, 11:43 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)
JEFFERIES GROUP (JEF-NYSE): Technical Viewpoint: From a low of $23.90 on Mar 14, 2007 prices rallied, reaching a high of $29.42 on Mar 27, 2007. A decline saw prices pull back, reaching a low of $28.02 on Apr 2, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $32.50. Technicals: MACD Index (MACD): A Buy Alert! was given on May 22, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $24.00. Resistance: Is at $34.00. Point & Figure: Reversed to the upside on Mar 2, 2007. A P&F downside reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! JEFFERIES GROUP (JEF-NYSE) @ $29.88 Stop: Use a protective stop of $27.88. JEFFERIES GROUP is currently trading @ $32.50 plus $2.36 on Apr 27, 2007.
Price Objective: $39.75.
Risk/Reward: $2.00 VS. $9.87.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2143-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)
JEFFERIES GROUP (JEF-NYSE): Technical Viewpoint: From a low of $23.90 on Mar 14, 2007 prices rallied, reaching a high of $29.42 on Mar 27, 2007. A decline saw prices pull back, reaching a low of $28.02 on Apr 2, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $32.50. Technicals: MACD Index (MACD): A Buy Alert! was given on May 22, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $24.00. Resistance: Is at $34.00. Point & Figure: Reversed to the upside on Mar 2, 2007. A P&F downside reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! JEFFERIES GROUP (JEF-NYSE) @ $29.88 Stop: Use a protective stop of $27.88. JEFFERIES GROUP is currently trading @ $32.50 plus $2.36 on Apr 27, 2007.
Price Objective: $39.75.
Risk/Reward: $2.00 VS. $9.87.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2143-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)