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DEVON ENERGY CORP
(DVN-Amex):
Technical Viewpoint: From a low
of $42.45 on Jan 27, 2003 prices
rallied, reaching a
high of $47.19
on Feb 5, 2003. A
decline saw prices pull back, reaching a
low of
$44.67 on Feb 13, 2003.
Another rally saw prices penetrate
resistance, closing 2/26/03
at $50.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $46.00. Resistance: Is at $51.45.
Point & Figure: Reversed to the upside on Feb 24, 2003. A P&F upside
reversal takes place at $48.50. Summary: Technical indicators have turned bullish. BUY! DEVON ENERGY CORP
(DVN-Amex) @ $50.38 Stop: Use a protective stop of $47.88.
DEVON ENERGY CORP is currently trading @ $50.25 plus $1.05 on Feb 26, 2003. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $10.63. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.50 VS. $10.63
Risk/Reward Ratio:
4:1
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