BEAR STEARNS COMPANIES
(BSC-NYSE):
Technical Viewpoint: From a low
of $44 1/8 on Jul 19, 2000 prices
rallied, reaching a
high of $55 3/8
on Jul 25, 2000. A
decline saw prices pull back, reaching a
low of
$50 1/8 on Jul 31, 2000.
Another rally saw prices penetrate
resistance, closing 8/2/00
at $58 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 29, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52 3/4. Resistance: Is at $59 1/2.
Point & Figure: Reversed to the upside on Aug 1, 2000. A P&F upside
reversal takes place at $56 1/4. Summary: Technical indicators have turned bullish. BUY! BEAR STEARNS COMPANIES
(BSC-NYSE) @ $58 3/4 Stop: Use a protective stop of $55 7/8.
BEAR STEARNS COMPANIES is currently trading @ $58 5/8 plus $3 3/8 on Aug 2, 2000. Price Objective:
$82.00. Risk/Reward: $2 7/8 VS. $23 1/4. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$82.00
Risk/Reward:
$2 7/8 VS. $23 1/4
Risk/Reward Ratio:
8:1
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