EASTMAN CHEMICAL CO
(EMN-NYSE):
Technical Viewpoint: From a high
of $41.97 on Apr 29, 2004 prices
declined, reaching a
low of $45.12
on May 8, 2004. A
rally saw prices pull back, reaching a
high of
$42.53 on May 10, 2004.
Another decline saw prices penetrate
support, closing 5/13/04
at $44.90. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Mar 29, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.00. Resistance: Is at $45.12.
Point & Figure: Reversed to the downside on Mar 26, 2004. A P&F downside
reversal takes place at $42.00. Summary: Technical indicators have turned bearish. SELL! EASTMAN CHEMICAL CO
(EMN-NYSE) @ $45.13 Stop: Use a protective stop of $43.13.
EASTMAN CHEMICAL CO is currently trading @ $44.90 minus $0.84 on May 13, 2004. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $11.87. 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:
$55.00
Risk/Reward:
$2.00 VS. $11.87
Risk/Reward Ratio:
6:1
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