Vornado Realty Trust (VNO) - February 4, 2008

[Harry Aloof]

From Wall Street Trader's Column

VORNADO REALTY TRUST (VNO-NYSE): Technical Viewpoint: From a low of $77.39 on Jan 9, 2008 prices rallied, reaching a high of $86.13 on Jan 11, 2008. A decline saw prices pull back, reaching a low of $77.54 on Jan 22, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $94.00. Technicals: MACD Index (MACD): A Buy Alert! was given on Jan 23, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $96.75. Resistance: Is at $94.72. Point & Figure: Reversed to the upside on Feb 1, 2008. A P&F downside reversal takes place at $91.00. Summary: Technical indicators have turned bullish. BUY! VORNADO REALTY TRUST (VNO-NYSE) @ $94.50 Stop: Use a protective stop of $91.75. VORNADO REALTY TRUST is currently trading @ $94.00 plus $3.70 on Feb 1, 2008.

Price Objective: $115.00
Risk/Reward: $2.75 VS. $20.50
Today's Risk Reward Ratio: 7:1