OIL SVC HLDRS TR
(OIH-Amex):
Technical Viewpoint: From a low
of $52.76 on Mar 12, 2003 prices
rallied, reaching a
high of $57.42
on Mar 20, 2003. A
decline saw prices pull back, reaching a
low of
$53.15 on Apr 17, 2003.
Another rally saw prices penetrate
resistance, closing 5/8/03
at $59.08. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 22, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.50. Resistance: Is at $60.93.
Point & Figure: Reversed to the upside on May 7, 2003. A P&F upside
reversal takes place at $57.50. Summary: Technical indicators have turned bullish. BUY! OIL SVC HLDRS TR
(OIH-Amex) @ $59.50 Stop: Use a protective stop of $57.13.
OIL SVC HLDRS TR is currently trading @ $59.08 plus $0.56 on May 8, 2003. Price Objective:
$76.00. Risk/Reward: $2.38 VS. $16.50. 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:
$76.00
Risk/Reward:
$2.38 VS. $16.50
Risk/Reward Ratio:
7:1
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