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MURPHY OIL CORP
(MUR-NYSE):
Technical Viewpoint: From a low
of $80.20 on Oct 4, 2002 prices
rallied, reaching a
high of $93.19
on Oct 21, 2002. A
decline saw prices pull back, reaching a
low of
$75.40 on Nov 13, 2002.
Another rally saw prices penetrate
resistance, closing 12/3/02
at $87.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $79.50. Resistance: Is at $89.45.
Point & Figure: Reversed to the upside on Nov 25, 2002. A P&F upside
reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! MURPHY OIL CORP
(MUR-NYSE) @ $87.88 Stop: Use a protective stop of $85.13.
MURPHY OIL CORP is currently trading @ $87.00 plus $1.65 on Dec 3, 2002. Price Objective:
$112.00. Risk/Reward: $2.75 VS. $24.12. Today's Risk Reward Ratio: 9:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$112.00
Risk/Reward:
$2.75 VS. $24.12
Risk/Reward Ratio:
9:1
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