FREDDIE MAC
(FRE-NYSE):
Technical Viewpoint: From a low
of $61.73 on Jul 1, 2004 prices
rallied, reaching a
high of $67.75
on Jul 19, 2004. A
decline saw prices pull back, reaching a
low of
$63.11 on Jul 26, 2004.
Another rally saw prices penetrate
resistance, closing 8/11/04
at $65.93. Technicals: RSI Index (RSI): A Buy Alert!
was given on Aug 10, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $63.50. Resistance: Is at $66.87.
Point & Figure: Reversed to the upside on Aug 11, 2004. A P&F upside
reversal takes place at $64.50. Summary: Technical indicators have turned bullish. BUY! FREDDIE MAC
(FRE-NYSE) @ $66.13 Stop: Use a protective stop of $63.63.
FREDDIE MAC is currently trading @ $65.93 plus $1.15 on Aug 11, 2004. Price Objective:
$82.50. Risk/Reward: $2.50 VS. $16.37. 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:
$82.50
Risk/Reward:
$2.50 VS. $16.37
Risk/Reward Ratio:
6:1
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