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FREDDIE MAC
(FRE-NYSE):
Technical Viewpoint: From a low
of $36 7/8 on Mar 13, 2000 prices
rallied, reaching a
high of $50.00
on Mar 17, 2000. A
decline saw prices pull back, reaching a
low of
$42.69 on Mar 30, 2000.
Another rally saw prices penetrate
resistance, closing 4/12/00
at $51.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 20, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47 1/2. Resistance: Is at $53.19.
Point & Figure: Reversed to the upside on Apr 12, 2000. A P&F upside
reversal takes place at $48 3/4. Summary: Technical indicators have turned bullish. BUY! FREDDIE MAC
(FRE-NYSE) @ $51 3/4 Stop: Use a protective stop of $49 1/8.
FREDDIE MAC is currently trading @ $51.00 plus $4.00 on Apr 12, 2000. Price Objective:
$66 3/4. Risk/Reward: $2 5/8 VS. $15.00. 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:
$66 3/4
Risk/Reward:
$2 5/8 VS. $15.00
Risk/Reward Ratio:
6:1
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