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ALBERTO-CULVER CL A
(ACV.A-NYSE):
Technical Viewpoint: From a low
of $46.78 on Apr 3, 2002 prices
rallied, reaching a
high of $51.29
on Apr 11, 2002. A
decline saw prices pull back, reaching a
low of
$48.70 on Apr 30, 2002.
Another rally saw prices penetrate
resistance, closing 5/2/02
at $50.78. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 2, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.50. Resistance: Is at $51.29.
Point & Figure: Reversed to the upside on May 2, 2002. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! ALBERTO-CULVER CL A
(ACV.A-NYSE) @ $50.88 Stop: Use a protective stop of $48.25.
ALBERTO-CULVER CL A is currently trading @ $50.78 plus $1.34 on May 2, 2002. Price Objective:
$61.50. Risk/Reward: $2.63 VS. $10.63. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.50
Risk/Reward:
$2.63 VS. $10.63
Risk/Reward Ratio:
4:1
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