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PRAXAIR INC
(PX-NYSE):
Technical Viewpoint: From a low
of $44.00 on Oct 20, 1999 prices
rallied, reaching a
high of $49.50
on Nov 17, 1999. A
decline saw prices pull back, reaching a
low of
$43.69 on Nov 30, 1999.
Another rally saw prices penetrate
resistance, closing 1/6/99
at $53 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 17, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $51.00.
Point & Figure: Reversed to the upside on Jan 6, 2000. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! PRAXAIR INC
(PX-NYSE) @ $53 3/4 Stop: Use a protective stop of $50 7/8.
PRAXAIR INC is currently trading @ $53 1/2 plus $3.69 on Jan 6, 2000. Price Objective:
$65.00. Risk/Reward: $2 7/8 VS. $11 1/4. 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:
$65.00
Risk/Reward:
$2 7/8 VS. $11 1/4
Risk/Reward Ratio:
4:1
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