AMERADA HESS CORP
(AHC-NYSE):
Technical Viewpoint: From a low
of $46.15 on Dec 4, 2003 prices
rallied, reaching a
high of $59.02
on Jan 21, 2004. A
decline saw prices pull back, reaching a
low of
$56.02 on Feb 5, 2004.
Another rally saw prices penetrate
resistance, closing 2/10/04
at $59.53. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 16, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 9, 2004. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! AMERADA HESS CORP
(AHC-NYSE) @ $59.63 Stop: Use a protective stop of $57.13.
AMERADA HESS CORP is currently trading @ $59.53 plus $1.43 on Feb 10, 2004. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $9.37. 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:
$69.00
Risk/Reward:
$2.50 VS. $9.37
Risk/Reward Ratio:
4:1
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