AIRBORNE FREIGHT
(ABF-NYSE):
Technical Viewpoint: From a low
of $16.21 on Apr 8, 2002 prices
rallied, reaching a
high of $19.18
on Apr 16, 2002. A
decline saw prices pull back, reaching a
low of
$17.51 on Apr 24, 2002.
Another rally saw prices penetrate
resistance, closing 5/10/02
at $22.17. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $17.65. Resistance: Is at $24.25.
Point & Figure: Reversed to the upside on May 3, 2002. A P&F upside
reversal takes place at $20.50. Summary: Technical indicators have turned bullish. BUY! AIRBORNE FREIGHT
(ABF-NYSE) @ $22.25 Stop: Use a protective stop of $20.25.
AIRBORNE FREIGHT is currently trading @ $22.17 plus $1.14 on May 10, 2002. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$34.00
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
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