Harry Aloof
04-16-2008, 09:32 AM
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)
ATLAS AMERICA INC (ATLS-Nasdaq): Technical Viewpoint: From a low of $48.35 on Feb 7, 2008 prices rallied, reaching a high of $63.61 on Feb 28, 2008. A decline saw prices pull back, reaching a low of $55.97 on Mar 20, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $67.01. Technicals: MACD Index (MACD): A Buy Alert! was given on Apr 4, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $63.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 24, 2008. A P&F downside reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! ATLAS AMERICA INC (ATLS-Nasdaq) @ $67.50 Stop: Use a protective stop of $65.13. ATLAS AMERICA INC is currently trading @ $67.01 plus $3.35 on Apr 11, 2008.
Price Objective: $79.50
Risk/Reward: $2.37 VS. $12.00
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2271-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)
ATLAS AMERICA INC (ATLS-Nasdaq): Technical Viewpoint: From a low of $48.35 on Feb 7, 2008 prices rallied, reaching a high of $63.61 on Feb 28, 2008. A decline saw prices pull back, reaching a low of $55.97 on Mar 20, 2008. Another rally saw prices penetrate resistance line "A", closing yesterday at $67.01. Technicals: MACD Index (MACD): A Buy Alert! was given on Apr 4, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $63.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Mar 24, 2008. A P&F downside reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! ATLAS AMERICA INC (ATLS-Nasdaq) @ $67.50 Stop: Use a protective stop of $65.13. ATLAS AMERICA INC is currently trading @ $67.01 plus $3.35 on Apr 11, 2008.
Price Objective: $79.50
Risk/Reward: $2.37 VS. $12.00
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2271-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)