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WALGREEN CO
(WAG-NYSE):
Technical Viewpoint: From a low
of $39.00 on Oct 20, 2000 prices
rallied, reaching a
high of $45 3/4
on Oct 31, 2000. A
decline saw prices pull back, reaching a
low of
$41.00 on Nov 17, 2000.
Another rally saw prices penetrate
resistance, closing 11/22/00
at $43 7/8. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 22, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $41 1/4. Resistance: Is at $45 1/2.
Point & Figure: Reversed to the upside on Nov 22, 2000. A P&F upside
reversal takes place at $42 1/2. Summary: Technical indicators have turned bullish. BUY! WALGREEN CO
(WAG-NYSE) @ $44 1/8 Stop: Use a protective stop of $41 3/4.
WALGREEN CO is currently trading @ $43 7/8 plus $2 1/8 on Nov 22, 2000. Price Objective:
$53.00. Risk/Reward: $2 3/8 VS. $8 7/8. 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:
$53.00
Risk/Reward:
$2 3/8 VS. $8 7/8
Risk/Reward Ratio:
4:1
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