MCDERMOTT INTERNAT INC
(MDR-NYSE):
Technical Viewpoint: From a low
of $35.40 on Nov 8, 2005 prices
rallied, reaching a
high of $42.95
on Dec 6, 2005. A
decline saw prices pull back, reaching a
low of
$39.76 on Dec 19, 2005.
Another rally saw prices penetrate
resistance, closing 12/30/05
at $44.61. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 30, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $40.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 25, 2005. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! MCDERMOTT INTERNAT INC
(MDR-NYSE) @ $29.39 Stop: Use a protective stop of $27.38.
MCDERMOTT INTERNAT INC is currently trading @ $44.61 plus $2.31 on Dec 30, 2005. Price Objective:
$53.00. Risk/Reward: $2.00 VS. $8.39. 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:
$53.00
Risk/Reward:
$2.00 VS. $8.39
Risk/Reward Ratio:
4:1
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