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Old 04-23-2007, 05:29 PM   #1
Harry Aloof
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Join Date: Oct 2006
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Lightbulb Ceridian (CEN) NYSE 4/2/2007

From Wall Street Trader's Column

CERIDAN CP (CEN-NYSE): Technical Viewpoint: From a low of $30.22 on Feb 9, 2007 prices rallied, reaching a high of $34.38 on Feb 15, 2007. A decline saw prices pull back, reaching a low of $31.56 on Mar 14, 2007. Another rally saw prices penetrate resistance, closing 3/30/07 at $34.84. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 27, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $32.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 30, 2007. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! CERIDAN CP (CEN-NYSE) @ $30.75 Stop: Use a protective stop of $28.75. CERIDAN CP is currently trading @ $34.84 plus $1.84 on Mar 30, 2007.

Price Objective: $38.00
Risk/Reward: $2.00 VS. $7.25
Today's Risk Reward Ratio: 4:1



Last edited by Thierry Martin; 04-24-2007 at 11:40 AM.
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