China Medical Technologies (CMED) - September 17, 2007

Harry Aloof · 09-17-2007, 11:04 AM

From Wall Street Trader's Column

CHINA MDICAL TECHNOLOGIES (CMED-Nasdaq): Technical Viewpoint: From a low of $27.35 on Aug 6, 2007 prices rallied, reaching a high of $33.80 on Aug 13, 2007. A decline saw prices pull back, reaching a low of $27.46 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing 9/14/07 at $38.59. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 26, 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 Aug 30, 2007. A P&F downside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! CHINA MDICAL TECHNOLOGIES (CMED-Nasdaq) @ $39.13 Stop: Use a protective stop of $37.13. CHINA MDICAL TECHNOLOGIES is currently trading @ $38.59 plus $2.49 on Sep 14, 2007.

Price Objective: $48.40
Risk/Reward: $2.00 VS. $9.37
Today's Risk Reward Ratio: 5:1

09-17-2007, 11:04 AM	#1
Harry Aloof contributing website Join Date: Oct 2006 Posts: 154	China Medical Technologies (CMED) - September 17, 2007 From Wall Street Trader's Column CHINA MDICAL TECHNOLOGIES (CMED-Nasdaq): Technical Viewpoint: From a low of $27.35 on Aug 6, 2007 prices rallied, reaching a high of $33.80 on Aug 13, 2007. A decline saw prices pull back, reaching a low of $27.46 on Aug 16, 2007. Another rally saw prices penetrate resistance line "A", closing 9/14/07 at $38.59. Technicals: MACD Index (MACD): A Buy Alert! was given on Aug 26, 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 Aug 30, 2007. A P&F downside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! CHINA MDICAL TECHNOLOGIES (CMED-Nasdaq) @ $39.13 Stop: Use a protective stop of $37.13. CHINA MDICAL TECHNOLOGIES is currently trading @ $38.59 plus $2.49 on Sep 14, 2007. Price Objective: $48.40 Risk/Reward: $2.00 VS. $9.37 Today's Risk Reward Ratio: 5:1

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads	Thread Starter	Forum	Replies	Last Post
September 2007 Trading Simulator Contest - win a trading book	Thierry Martin	Trading simulator with monthly prizes	9	10-04-2007 07:51 PM
Alnylan Pharmaceuticals (ALNY) - September 10, 2007	Harry Aloof	Wall Street Trader's Column - weekly stock pick	0	09-11-2007 12:57 AM
Excel Maritime Carriers (EXM) - September 2, 2007	Harry Aloof	Wall Street Trader's Column - weekly stock pick	0	09-04-2007 09:40 PM
What do you think of Cramers only china stock pick - China Mobile?	lowtempo	Jim Cramer's "Mad Money" discussion	1	03-22-2007 11:47 AM
CMED - China Medical bull or bear	optimus25	Jim Cramer's "Mad Money" discussion	7	10-05-2005 03:36 AM