Harry Aloof
01-10-2008, 03:07 AM
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)
AZZ INC (AZZ-NYSE): Technical Viewpoint: From a low of $26.50 on Dec 18, 2007 prices rallied, reaching a high of $30.44 on Dec 26, 2007. A decline saw prices pull back, reaching a low of $26.81 on Jan 2, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $32.53. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 4, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $27.00. Resistance: Is at $32.99. Point & Figure: Reversed to the upside on Jan 4, 2008. A P&F downside reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! AZZ INC (AZZ-NYSE) @ $32.63 Stop: Use a protective stop of $30.63. AZZ INC is currently trading @ $32.53 plus $3.68 on Jan 4, 2008.
Price Objective: $42.50
Risk/Reward: $2.00 VS. $9.87
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2227-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)
AZZ INC (AZZ-NYSE): Technical Viewpoint: From a low of $26.50 on Dec 18, 2007 prices rallied, reaching a high of $30.44 on Dec 26, 2007. A decline saw prices pull back, reaching a low of $26.81 on Jan 2, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $32.53. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 4, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $27.00. Resistance: Is at $32.99. Point & Figure: Reversed to the upside on Jan 4, 2008. A P&F downside reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! AZZ INC (AZZ-NYSE) @ $32.63 Stop: Use a protective stop of $30.63. AZZ INC is currently trading @ $32.53 plus $3.68 on Jan 4, 2008.
Price Objective: $42.50
Risk/Reward: $2.00 VS. $9.87
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2227-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)