Harry Aloof
07-14-2008, 11:12 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)
AVOCENT CORPORATION (AVCT-Nasdaq): Technical Viewpoint: From a low of $18.17 on May 23, 2008 prices rallied, reaching a high of $21.08 on Jun 5, 2008. A decline saw prices pull back, reaching a low of $18.18 on Jun 27, 2008. Another rally saw prices penetrate resistance, closing 7/3/08 at $23.19. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 3, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $18.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 2, 2008. A P&F upside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! AVOCENT CORPORATION (AVCT-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50. AVOCENT CORPORATION is currently trading @ $23.19 plus $1.41 on Jul 3, 2008.
Price Objective: $39.50
Risk/Reward: $2.00 VS. $16.00
Today's Risk Reward Ratio: 8:1
http://18004wallstreet.com/images/charts/Chart2303-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)
AVOCENT CORPORATION (AVCT-Nasdaq): Technical Viewpoint: From a low of $18.17 on May 23, 2008 prices rallied, reaching a high of $21.08 on Jun 5, 2008. A decline saw prices pull back, reaching a low of $18.18 on Jun 27, 2008. Another rally saw prices penetrate resistance, closing 7/3/08 at $23.19. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 3, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $18.50. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 2, 2008. A P&F upside reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! AVOCENT CORPORATION (AVCT-Nasdaq) @ $23.50 Stop: Use a protective stop of $21.50. AVOCENT CORPORATION is currently trading @ $23.19 plus $1.41 on Jul 3, 2008.
Price Objective: $39.50
Risk/Reward: $2.00 VS. $16.00
Today's Risk Reward Ratio: 8:1
http://18004wallstreet.com/images/charts/Chart2303-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)