Harry Aloof
05-21-2007, 07:12 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)
DELEK US HOLDINGS INC (DK-NYSE): Technical Viewpoint: From a low of $18.75 on May 1, 2007 prices rallied, reaching a high of $21.85 on May 3, 2007. A decline saw prices pull back, reaching a low of $20.00 on May 10, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $23.48. Technicals: MACD Index (MACD): A Buy Alert! was given on May 18, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $19.00. Resistance: Is at $21.00. Point & Figure: Reversed to the upside on May 2, 2007. A P&F downside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! DELEK US HOLDINGS INC (DK-NYSE) @ $23.63 Stop: Use a protective stop of $21.63. DELEK US HOLDINGS INC is currently trading @ $23.48 plus $2.37 on May 18, 2007.
Price Objective: $32.50.
Risk/Reward: $2.00 VS. $8.87.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2150-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)
DELEK US HOLDINGS INC (DK-NYSE): Technical Viewpoint: From a low of $18.75 on May 1, 2007 prices rallied, reaching a high of $21.85 on May 3, 2007. A decline saw prices pull back, reaching a low of $20.00 on May 10, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $23.48. Technicals: MACD Index (MACD): A Buy Alert! was given on May 18, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $19.00. Resistance: Is at $21.00. Point & Figure: Reversed to the upside on May 2, 2007. A P&F downside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! DELEK US HOLDINGS INC (DK-NYSE) @ $23.63 Stop: Use a protective stop of $21.63. DELEK US HOLDINGS INC is currently trading @ $23.48 plus $2.37 on May 18, 2007.
Price Objective: $32.50.
Risk/Reward: $2.00 VS. $8.87.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2150-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)