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LEXMARK INTERNATIONAL
(LXK-NYSE):
Technical Viewpoint: From a low
of $51.65 on Apr 8, 2002 prices
rallied, reaching a
high of $65.23
on May 9, 2002. A
decline saw prices pull back, reaching a
low of
$58.99 on May 20, 2002.
Another rally saw prices penetrate
resistance, closing 6/4/02
at $63.49. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.50. Resistance: Is at $65.23.
Point & Figure: Reversed to the upside on May 31, 2002. A P&F upside
reversal takes place at $62.00. Summary: Technical indicators have turned bullish. BUY! LEXMARK INTERNATIONAL
(LXK-NYSE) @ $63.63 Stop: Use a protective stop of $61.13.
LEXMARK INTERNATIONAL is currently trading @ $63.49 plus $1.57 on Jun 4, 2002. Price Objective:
$74.00. Risk/Reward: $2.50 VS. $10.38. 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:
$74.00
Risk/Reward:
$2.50 VS. $10.38
Risk/Reward Ratio:
4:1
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