LEXMARK INTERNAT'L
(LXK-NYSE):
Technical Viewpoint: From a low
of $63.54 on Aug 10, 2003 prices
rallied, reaching a
high of $69.84
on Sep 8, 2003. A
decline saw prices pull back, reaching a
low of
$62.00 on Sep 30, 2003.
Another rally saw prices penetrate
resistance, closing 10/20/03
at $74.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 14, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $67.50. Resistance: Is at $75.41.
Point & Figure: Reversed to the upside on Oct 20, 2003. A P&F upside
reversal takes place at $71.00. Summary: Technical indicators have turned bullish. BUY! LEXMARK INTERNAT'L
(LXK-NYSE) @ $74.38 Stop: Use a protective stop of $71.88.
LEXMARK INTERNAT'L is currently trading @ $74.00 plus $6.75 on Oct 20, 2003. Price Objective:
$89.00. Risk/Reward: $2.50 VS. $14.62. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$89.00
Risk/Reward:
$2.50 VS. $14.62
Risk/Reward Ratio:
6:1
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