BUY! COVENTRY HEALTH CARE (CVH) NYSE

  Report No. 1534    Analysis by: Harry Aloof     JUNE 10, 2002

COVENTRY HEALTH CARE (CVH-NYSE): Technical Viewpoint: From a low of $26.52 on Apr 22, 2002 prices rallied, reaching a high of $32.50 on May 1, 2002. A decline saw prices pull back, reaching a low of $28.35 on May 20, 2002. Another rally saw prices penetrate resistance, closing 6/7/02 at $33.85. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 5, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $29.75. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 8, 2002. A P&F upside reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! COVENTRY HEALTH CARE (CVH-NYSE) @ $34.13 Stop: Use a protective stop of $31.63. COVENTRY HEALTH CARE is currently trading @ $33.85 plus $1.59 on Jun 8, 2002. Price Objective: $46.00. Risk/Reward: $2.50 VS. $11.88. 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:
$46.00 Risk/Reward:
$2.50 VS. $11.88 Risk/Reward Ratio:
5:1
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