Harry Aloof
02-05-2007, 06:40 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)
RATHEON CO (RTN-NYSE): Technical Viewpoint: From a low of $50.96 on Jan 8, 2007 prices rallied, reaching a high of $53.22 on Jan 23, 2007. A decline saw prices pull back, reaching a low of $51.12 on Jan 29, 2007. Another rally saw prices penetrate resistance line "A", closing 2/2/07 at $54.85. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 2, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $53.22. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 26, 2006. A P&F downside reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! RATHEON CO (RTN-NYSE) @ $55.13 Stop: Use a protective stop of $52.63. RATHEON CO is currently trading @ $54.85 plus $2.29 on Feb 2, 2007.
Price Objective: $64.50.
Risk/Reward: $2.50 VS. $9.37.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2118-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)
RATHEON CO (RTN-NYSE): Technical Viewpoint: From a low of $50.96 on Jan 8, 2007 prices rallied, reaching a high of $53.22 on Jan 23, 2007. A decline saw prices pull back, reaching a low of $51.12 on Jan 29, 2007. Another rally saw prices penetrate resistance line "A", closing 2/2/07 at $54.85. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 2, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $53.22. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 26, 2006. A P&F downside reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! RATHEON CO (RTN-NYSE) @ $55.13 Stop: Use a protective stop of $52.63. RATHEON CO is currently trading @ $54.85 plus $2.29 on Feb 2, 2007.
Price Objective: $64.50.
Risk/Reward: $2.50 VS. $9.37.
Today's Risk Reward Ratio: 4:1
http://18004wallstreet.com/images/charts/Chart2118-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)