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ALLSTATE CORPORATION
(ALL-NYSE):
Technical Viewpoint: From a low
of $38.88 on Dec 15, 2000 prices
rallied, reaching a
high of $44.19
on Dec 29, 2000. A
decline saw prices pull back, reaching a
low of
$33.56 on Jan 12, 2001.
Another rally saw prices penetrate
resistance, closing 2/2/01
at $40.25. Technicals: RSI Index (RSI): A Buy Alert!
was given on Jan 22, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.25. Resistance: Is at $42.94.
Point & Figure: Reversed to the upside on Feb 2, 2001. A P&F upside
reversal takes place at $38.50. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORPORATION
(ALL-NYSE) @ $40.26 Stop: Use a protective stop of $37.75.
ALLSTATE CORPORATION is currently trading @ $40.25 plus $1.23 on Feb 2, 2001. Price Objective:
$54.00. Risk/Reward: $2.51 VS. $13.75. 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:
$54.00
Risk/Reward:
$2.51 VS. $13.75
Risk/Reward Ratio:
5:1
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