|
BAKER HUGHES INC
(BHI-NYSE):
Technical Viewpoint: From a low
of $22.80 on Aug 5, 2002 prices
rallied, reaching a
high of $30.58
on Aug 15, 2002. A
decline saw prices pull back, reaching a
low of
$25.47 on Sep 4, 2002.
Another rally saw prices penetrate
resistance, closing 9/26/02
at $29.64. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Sep 25, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.00. Resistance: Is at $30.58.
Point & Figure: Reversed to the upside on Sep 26, 2002. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! BAKER HUGHES INC
(BHI-NYSE) @ $29.88 Stop: Use a protective stop of $27.88.
BAKER HUGHES INC is currently trading @ $29.64 plus $2.06 on Sep 26, 2002. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $12.13. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$42.00
Risk/Reward:
$2.00 VS. $12.13
Risk/Reward Ratio:
6:1
|
