BUY! PREMCOR INC (PCO) NYSE

  Report No. 1657    Analysis by: Harry Aloof     DECEMBER 6, 2002

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

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

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Price Objective:
$34.00 Risk/Reward:
$2.00 VS. $11.25 Risk/Reward Ratio:
5:1
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