BUY! COUNTRYWIDE CREDIT IND (CCR) NYSE

  Report No. 1580    Analysis by: Harry Aloof     AUGUST 15, 2002

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

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

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Price Objective:
$73.00 Risk/Reward:
$2.50 VS. $18.13 Risk/Reward Ratio:
7:1
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