BUY! AIRBORNE FREIGHT (ABF) NYSE

  Report No. 1516    Analysis by: Harry Aloof     MAY 13, 2002

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$34.00 Risk/Reward:
$2.00 VS. $11.75 Risk/Reward Ratio:
6:1
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