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NEWFIELD EXPLORATION
(NFX-NYSE):
Technical Viewpoint: From a low
of $47.21 on Mar 26, 2010 prices
rallied, reaching a
high of $57.00
on Apr 8, 2010. A
decline saw prices pull back, reaching a
low of
$51.30 on Apr 19, 2010.
Another rally saw prices penetrate
resistance, closing 4/23/10
at $56.74. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 23, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.00. Resistance: Is at $57.00.
Point & Figure: Reversed to the upside on Apr 23, 2010. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! NEWFIELD EXPLORATION
(NFX-NYSE) @ $57.13 Stop: Use a protective stop of $54.63.
NEWFIELD EXPLORATION is currently trading @ $56.74 plus $3.03 on Apr 23, 2010. Price Objective:
$69.50. Risk/Reward: $2.50 VS. $12.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.50
Risk/Reward:
$2.50 VS. $12.37
Risk/Reward Ratio:
5:1
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