SELL! EASTMAN CHEMICAL CO (EMN) NYSE

  Report No. 2002    Analysis by: Harry Aloof     MAY 14, 2004

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$55.00 Risk/Reward:
$2.00 VS. $11.87 Risk/Reward Ratio:
6:1
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