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STANDARD & POORS DEP REC
(SPY-Amex):
Technical Viewpoint: From a low
of $84.40 on Mar 31, 2003 prices
rallied, reaching a
high of $90.85
on Apr 7, 2003. A
decline saw prices pull back, reaching a
low of
$85.71 on Apr 10, 2003.
Another rally saw prices penetrate
resistance, closing 4/14/03
at $88.95. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $86.70. Resistance: Is at $90.85.
Point & Figure: Reversed to the upside on Apr 11, 2003. A P&F upside
reversal takes place at $86.25. Summary: Technical indicators have turned bullish. BUY! STANDARD & POORS DEP REC
(SPY-Amex) @ $89.13 Stop: Use a protective stop of $86.38.
STANDARD & POORS DEP REC is currently trading @ $88.95 plus $1.80 on Apr 14, 2003. Price Objective:
$108.75. Risk/Reward: $2.75 VS. $19.63. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$108.75
Risk/Reward:
$2.75 VS. $19.63
Risk/Reward Ratio:
7:1
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