Harry Aloof
10-04-2010, 01:05 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)
MDU RESOURCES GROUP INC (MDU-NYSE): Technical Viewpoint: From a low of $17.61 on Jul 1, 2010 prices rallied, reaching a high of $20.48 on Jul 27, 2010. A decline saw prices pull back, reaching a low of $18.10 on Aug 25, 2010. Another rally saw prices penetrate resistance line "A", closing yesterday at $20.52. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 2, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $20.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 1, 2010. A P&F downside reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! MDU RESOURCES GROUP INC (MDU-NYSE) @ $20.75 Stop: Use a protective stop of $19.25. MDU RESOURCES GROUP INC is currently trading @ $20.52 plus $0.57 on Oct 1, 2010.
Price Objective: $29.50
Risk/Reward: $1.50 VS. $9.25
Today's Risk Reward Ratio: 6;1
http://18004wallstreet.com/images/charts/Chart2431-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)
MDU RESOURCES GROUP INC (MDU-NYSE): Technical Viewpoint: From a low of $17.61 on Jul 1, 2010 prices rallied, reaching a high of $20.48 on Jul 27, 2010. A decline saw prices pull back, reaching a low of $18.10 on Aug 25, 2010. Another rally saw prices penetrate resistance line "A", closing yesterday at $20.52. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 2, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $20.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 1, 2010. A P&F downside reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! MDU RESOURCES GROUP INC (MDU-NYSE) @ $20.75 Stop: Use a protective stop of $19.25. MDU RESOURCES GROUP INC is currently trading @ $20.52 plus $0.57 on Oct 1, 2010.
Price Objective: $29.50
Risk/Reward: $1.50 VS. $9.25
Today's Risk Reward Ratio: 6;1
http://18004wallstreet.com/images/charts/Chart2431-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)