LEGGETT & PLATT INC
(LEG-NYSE):
Technical Viewpoint: From a low
of $23.18 on Mar 7, 2006 prices
rallied, reaching a
high of $25.14
on Mar 23, 2006. A
decline saw prices pull back, reaching a
low of
$23.74 on Apr 13, 2006.
Another rally saw prices penetrate
resistance, closing 4/21/06
at $25.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 21, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 27, 2006. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! LEGGETT & PLATT INC
(LEG-NYSE) @ $26.13 Stop: Use a protective stop of $24.13.
LEGGETT & PLATT INC is currently trading @ $25.80 plus $1.90 on Apr 21, 2006. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $7.87. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$34.00
Risk/Reward:
$2.00 VS. $7.87
Risk/Reward Ratio:
4:1
|