COUNTRYWIDE CREDIT IND
(CCR-NYSE):
Technical Viewpoint: From a low
of $39.50 on Jul 23, 2002 prices
rallied, reaching a
high of $51.70
on Aug 1, 2002. A
decline saw prices pull back, reaching a
low of
$47.86 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/14/02
at $56.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $48.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 8, 2002. A P&F upside
reversal takes place at $52.50. Summary: Technical indicators have turned bullish. BUY! COUNTRYWIDE CREDIT IND
(CCR-NYSE) @ $54.88 Stop: Use a protective stop of $52.38.
COUNTRYWIDE CREDIT IND is currently trading @ $56.60 plus $2.50 on Aug 14, 2002. Price Objective:
$73.00. Risk/Reward: $2.50 VS. $18.13. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$73.00
Risk/Reward:
$2.50 VS. $18.13
Risk/Reward Ratio:
7:1
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