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JACOBS ENGINEERING GROUP
(JEC-NYSE):
Technical Viewpoint: From a low
of $35.90 on Feb 14, 2003 prices
rallied, reaching a
high of $38.66
on Feb 28, 2003. A
decline saw prices pull back, reaching a
low of
$37.08 on Mar 11, 2003.
Another rally saw prices penetrate
resistance, closing 3/14/03
at $40.05. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.50. Resistance: Is at $40.45.
Point & Figure: Reversed to the upside on Feb 28, 2003. A P&F upside
reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! JACOBS ENGINEERING GROUP
(JEC-NYSE) @ $40.13 Stop: Use a protective stop of $38.13.
JACOBS ENGINEERING GROUP is currently trading @ $40.05 plus $1.55 on Mar 14, 2003. Price Objective:
$57.00. Risk/Reward: $2.00 VS. $16.88. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2.00 VS. $16.88
Risk/Reward Ratio:
8:1
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