Harry Aloof
05-31-2007, 05:52 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)
VERIGY LTD (VRGY-NYSE): Technical Viewpoint: From a low of $24.35 on Apr 24, 2007 prices rallied, reaching a high of $26.90 on May 9, 2007. A decline saw prices pull back, reaching a low of $24.49 on May 24, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $29.63. Technicals: MACD Index (MACD): A Buy Alert! was given on May 25, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $25.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 25, 2007. A P&F downside reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! VERIGY LTD (VRGY-NYSE) @ $29.88 Stop: Use a protective stop of $27.88. VERIGY LTD is currently trading @ $29.63 plus $5.00 on May 25, 2007.
Price Objective: $38.50.
Risk/Reward: $2.00 VS. $9.62.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2151-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)
VERIGY LTD (VRGY-NYSE): Technical Viewpoint: From a low of $24.35 on Apr 24, 2007 prices rallied, reaching a high of $26.90 on May 9, 2007. A decline saw prices pull back, reaching a low of $24.49 on May 24, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $29.63. Technicals: MACD Index (MACD): A Buy Alert! was given on May 25, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $25.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 25, 2007. A P&F downside reversal takes place at $27.00. Summary: Technical indicators have turned bullish. BUY! VERIGY LTD (VRGY-NYSE) @ $29.88 Stop: Use a protective stop of $27.88. VERIGY LTD is currently trading @ $29.63 plus $5.00 on May 25, 2007.
Price Objective: $38.50.
Risk/Reward: $2.00 VS. $9.62.
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2151-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)