PREMCOR INC
(PCO-NYSE):
Technical Viewpoint: From a low
of $13.00 on Oct 9, 2002 prices
rallied, reaching a
high of $20.30
on Oct 31, 2002. A
decline saw prices pull back, reaching a
low of
$17.80 on Nov 13, 2002.
Another rally saw prices penetrate
resistance, closing 12/5/02
at $22.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.86. Resistance: Is at $22.93.
Point & Figure: Reversed to the upside on Dec 5, 2002. A P&F upside
reversal takes place at $21.00. Summary: Technical indicators have turned bullish. BUY! PREMCOR INC
(PCO-NYSE) @ $22.75 Stop: Use a protective stop of $20.75.
PREMCOR INC is currently trading @ $22.20 plus $1.62 on Dec 5, 2002. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$34.00
Risk/Reward:
$2.00 VS. $11.25
Risk/Reward Ratio:
5:1
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