BUY! GOLDCORP INC (GG) NYSE

  Report No. 1521    Analysis by: Harry Aloof     MAY 21, 2002

GOLDCORP INC (GG-NYSE): Technical Viewpoint: From a low of $14.50 on Mar 15, 2002 prices rallied, reaching a high of $18.58 on Apr 2, 2002. A decline saw prices pull back, reaching a low of $15.80 on Apr 12, 2002. Another rally saw prices penetrate resistance, closing 5/20/02 at $21.00. Technicals: Momentum Index (MTM): A Buy Alert! was given on May 20, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $18.20. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on May 20, 2002. A P&F upside reversal takes place at $19.95. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC (GG-NYSE) @ $21.13 Stop: Use a protective stop of $19.63. GOLDCORP INC is currently trading @ $21.00 plus $2.00 on May 20, 2002. Price Objective: $29.50. Risk/Reward: $1.50 VS. $8.38. Today's Risk Reward Ratio: 5:1

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

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Price Objective:
$29.50 Risk/Reward:
$1.50 VS. $8.38 Risk/Reward Ratio:
5:1
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