Affiliated Computer (ACS) - June 16, 2008

Discussion in 'Trading news and analysis (syndicated content)' started by Harry Aloof, Jul 14, 2008.

  1. Harry Aloof

    Harry Aloof Member Official Contributor

    From Wall Street Trader's Column

    AFFILIATED COMPUTER SVC (ACS-NYSE): Technical Viewpoint: From a low of $52.26 on May 7, 2008 prices rallied, reaching a high of $55.96 on May 14, 2008. A decline saw prices pull back, reaching a low of $52.59 on Jun 6, 2008. Another rally saw prices penetrate resistance, closing 6/13/08 at $54.46. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 13, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $29.00. Resistance: Is at $28.00. Point & Figure: Reversed to the upside on Apr 9, 2008. A P&F upside reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! AFFILIATED COMPUTER SVC (ACS-NYSE) @ $56.50 Stop: Use a protective stop of $54.13. AFFILIATED COMPUTER SVC is currently trading @ $54.46 plus $2.17 on Jun 13, 2008.

    Price Objective: $69.50
    Risk/Reward: $2.37 VS. $13.00
    Today's Risk Reward Ratio: 5:1


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