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Old 07-14-2007, 12:01 AM   #1
Harry Aloof
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Join Date: Oct 2006
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Harry Aloof has a very good reputation
Lightbulb Ctrip.com (CTRP) 7/2/07

From Wall Street Trader's Column

CTRIP.COM INTERNAT'L (CTRP-Nasdaq): Technical Viewpoint: From a low of $72.06 on Jun 8, 2007 prices rallied, reaching a high of $78.74 on Jun 19, 2007. A decline saw prices pull back, reaching a low of $74.80 on Jun 27, 2007. Another rally saw prices penetrate resistance line "A", closing 6/29/07 at $78.63. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 29, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $76.50. Resistance: Is at $82.00. Point & Figure: Reversed to the upside on Jun 29, 2007. A P&F downside reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! CTRIP.COM INTERNAT'L (CTRP-Nasdaq) @ $79.63 Stop: Use a protective stop of $77.13. CTRIP.COM INTERNAT'L is currently trading @ $78.63 plus $2.58 on Jun 29, 2007.

Price Objective: $89.50
Risk/Reward: $2.50 VS. $9.87
Today's Risk Reward Ratio: 4:1

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