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PHELPS DODGE CORP
(PD-NYSE):
Technical Viewpoint: From a low
of $30.50 on Jan 23, 2002 prices
rallied, reaching a
high of $39.10
on Feb 15, 2002. A
decline saw prices pull back, reaching a
low of
$35.64 on Feb 20, 2002.
Another rally saw prices penetrate
resistance, closing 3/6/02
at $40.86. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 31, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.50. Resistance: Is at $41.84.
Point & Figure: Reversed to the upside on Mar 2, 2002. A P&F upside
reversal takes place at $39.50. Summary: Technical indicators have turned bullish. BUY! PHELPS DODGE CORP
(PD-NYSE) @ $41.13 Stop: Use a protective stop of $38.63.
PHELPS DODGE CORP is currently trading @ $40.86 plus $2.34 on Mar 6, 2002. Price Objective:
$55.00. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.00
Risk/Reward:
$2.50 VS. $13.88
Risk/Reward Ratio:
5:1
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