Harry Aloof
07-14-2008, 10:57 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)
CHART INDUSTRIES (GTLS-Nasdaq): Technical Viewpoint: From a low of $35.10 on Apr 11, 2008 prices rallied, reaching a high of $42.59 on Apr 29, 2008. A decline saw prices pull back, reaching a low of $33.05 on May 1, 2008. Another rally saw prices penetrate resistance, closing 6/6/08 at $45.25. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 6, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $40.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 2, 2008. A P&F upside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CHART INDUSTRIES (GTLS-Nasdaq) @ $45.63 Stop: Use a protective stop of $43.63. CHART INDUSTRIES is currently trading @ $45.25 plus $2.67 on Jun 6, 2008.
Price Objective: $57.50
Risk/Reward: $2.00 VS. $11.87
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2294-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)
CHART INDUSTRIES (GTLS-Nasdaq): Technical Viewpoint: From a low of $35.10 on Apr 11, 2008 prices rallied, reaching a high of $42.59 on Apr 29, 2008. A decline saw prices pull back, reaching a low of $33.05 on May 1, 2008. Another rally saw prices penetrate resistance, closing 6/6/08 at $45.25. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 6, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $40.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 2, 2008. A P&F upside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! CHART INDUSTRIES (GTLS-Nasdaq) @ $45.63 Stop: Use a protective stop of $43.63. CHART INDUSTRIES is currently trading @ $45.25 plus $2.67 on Jun 6, 2008.
Price Objective: $57.50
Risk/Reward: $2.00 VS. $11.87
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2294-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)