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EVEREST RE GROUP LTD
(RE-NYSE):
Technical Viewpoint: From a low
of $57.00 on Nov 22, 2000 prices
rallied, reaching a
high of $67.44
on Dec 8, 2000. A
decline saw prices pull back, reaching a
low of
$61 5/8 on Dec 20, 2000.
Another rally saw prices penetrate
resistance, closing 12/22/00
at $72.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Dec 23, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $66 3/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 21, 2000. A P&F upside
reversal takes place at $69 3/4. Summary: Technical indicators have turned bullish. BUY! EVEREST RE GROUP LTD
(RE-NYSE) @ $72 3/8 Stop: Use a protective stop of $69 1/2.
EVEREST RE GROUP LTD is currently trading @ $72.00 plus $5.19 on Dec 22, 2000. Price Objective:
$83.00. Risk/Reward: $2 7/8 VS. $10 5/8. 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:
$83.00
Risk/Reward:
$2 7/8 VS. $10 5/8
Risk/Reward Ratio:
4:1
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