Harry Aloof
07-13-2007, 11:01 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)
CTRIP.COM INTERNAT'L (CTRP-Nasdaq): Technical Viewpoint: From a low of $72.06 on Jun 8, 2007 prices rallied, reaching a high of $78.74 on Jun 19, 2007. A decline saw prices pull back, reaching a low of $74.80 on Jun 27, 2007. Another rally saw prices penetrate resistance line "A", closing 6/29/07 at $78.63. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 29, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $76.50. Resistance: Is at $82.00. Point & Figure: Reversed to the upside on Jun 29, 2007. A P&F downside reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! CTRIP.COM INTERNAT'L (CTRP-Nasdaq) @ $79.63 Stop: Use a protective stop of $77.13. CTRIP.COM INTERNAT'L is currently trading @ $78.63 plus $2.58 on Jun 29, 2007.
Price Objective: $89.50
Risk/Reward: $2.50 VS. $9.87
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2162-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)
CTRIP.COM INTERNAT'L (CTRP-Nasdaq): Technical Viewpoint: From a low of $72.06 on Jun 8, 2007 prices rallied, reaching a high of $78.74 on Jun 19, 2007. A decline saw prices pull back, reaching a low of $74.80 on Jun 27, 2007. Another rally saw prices penetrate resistance line "A", closing 6/29/07 at $78.63. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 29, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $76.50. Resistance: Is at $82.00. Point & Figure: Reversed to the upside on Jun 29, 2007. A P&F downside reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! CTRIP.COM INTERNAT'L (CTRP-Nasdaq) @ $79.63 Stop: Use a protective stop of $77.13. CTRIP.COM INTERNAT'L is currently trading @ $78.63 plus $2.58 on Jun 29, 2007.
Price Objective: $89.50
Risk/Reward: $2.50 VS. $9.87
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2162-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)