DELTA AIR LINES
(DAL-NYSE):
Technical Viewpoint: From a low
of $46 5/8 on Dec 4, 2000 prices
rallied, reaching a
high of $50 3/4
on Dec 12, 2000. A
decline saw prices pull back, reaching a
low of
$45 5/8 on Dec 20, 2000.
Another rally saw prices penetrate
resistance, closing 1/5/01
at $52 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 28, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $. Resistance: Is at $.
Point & Figure: Reversed to the upside on Jan 7, 2001. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! Delta Air Lines
(DAL-NYSE) @ $53 1/8 Stop: Use a protective stop of $50 1/2.
Delta Air Lines is currently trading @ $52 3/4 plus $1/4 on Jan 5, 2001. Price Objective:
$67.00. Risk/Reward: $2 5/8 VS. $13 7/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.00
Risk/Reward:
$2 5/8 VS. $13 7/8
Risk/Reward Ratio:
5:1
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