WEATHERFORD INT'L LTD
(WFT-NYSE):
Technical Viewpoint: From a low
of $34.91 on Aug 6, 2003 prices
rallied, reaching a
high of $39.40
on Aug 22, 2003. A
decline saw prices pull back, reaching a
low of
$35.15 on Sep 18, 2003.
Another rally saw prices penetrate
resistance, closing 9/24/03
at $38.50. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Sep 19, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $35.00. Resistance: Is at $39.40.
Point & Figure: Reversed to the upside on Sep 22, 2003. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! WEATHERFORD INT'L LTD
(WFT-NYSE) @ $38.75 Stop: Use a protective stop of $36.75.
WEATHERFORD INT'L LTD is currently trading @ $38.50 plus $1.25 on Sep 24, 2003. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $8.75. 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:
$47.50
Risk/Reward:
$2.00 VS. $8.75
Risk/Reward Ratio:
4:1
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