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MERCURY GENERAL CORP
(MCY-NYSE):
Technical Viewpoint: From a low
of $34.46 on Mar 12, 2003 prices
rallied, reaching a
high of $40.75
on Apr 22, 2003. A
decline saw prices pull back, reaching a
low of
$38.90 on Apr 25, 2003.
Another rally saw prices penetrate
resistance, closing 5/5/03
at $46.49. 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 $44.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 5, 2003. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! MERCURY GENERAL CORP
(MCY-NYSE) @ $46.63 Stop: Use a protective stop of $44.63.
MERCURY GENERAL CORP is currently trading @ $46.49 plus $2.31 on May 5, 2003. Price Objective:
$67.00. Risk/Reward: $2.00 VS. $20.37. Today's Risk Reward Ratio: 10:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2.00 VS. $20.37
Risk/Reward Ratio:
10:1
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