Harry Aloof
01-19-2007, 06:42 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)
Lexington Corporate Prop (LXP) NYSE
Report No. 2204 Analysis by: Harry Aloof January 3, 2007
LEXINGTON CORPORATE PROP (LXP-NYSE): Technical Viewpoint: From a low of $20.40 on Nov 3, 2006 prices rallied, reaching a high of $22.47 on Dec 11, 2006. A decline saw prices pull back, reaching a low of $21.35 on Dec 26, 2006. Another rally saw prices penetrate resistance line "A", closing 12/29/06 at $22.42. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 28, 2006 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 Aug 14, 2006. A P&F downside reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! LEXINGTON CORPORATE PROP (LXP-NYSE) @ $22.75 Stop: Use a protective stop of $20.75. LEXINGTON CORPORATE PROP is currently trading @ $22.42 plus $0.48 on Dec 29, 2006.
Price Objective: $33.50.
Risk/Reward: $2.00 VS. $10.75.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2105-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)
Lexington Corporate Prop (LXP) NYSE
Report No. 2204 Analysis by: Harry Aloof January 3, 2007
LEXINGTON CORPORATE PROP (LXP-NYSE): Technical Viewpoint: From a low of $20.40 on Nov 3, 2006 prices rallied, reaching a high of $22.47 on Dec 11, 2006. A decline saw prices pull back, reaching a low of $21.35 on Dec 26, 2006. Another rally saw prices penetrate resistance line "A", closing 12/29/06 at $22.42. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 28, 2006 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 Aug 14, 2006. A P&F downside reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! LEXINGTON CORPORATE PROP (LXP-NYSE) @ $22.75 Stop: Use a protective stop of $20.75. LEXINGTON CORPORATE PROP is currently trading @ $22.42 plus $0.48 on Dec 29, 2006.
Price Objective: $33.50.
Risk/Reward: $2.00 VS. $10.75.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2105-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)