BUY! MELLON FINANCIAL CORP (MEL) NYSE

  Report No. 1275    Analysis by: Harry Aloof     MAY 4, 2001

MELLON FINANCIAL CORP (MEL-NYSE): Technical Viewpoint: From a low of $37.61 on Apr 4, 2001 prices rallied, reaching a high of $43.37 on Apr 18, 2001. A decline saw prices pull back, reaching a low of $40.30 on May 1, 2001. Another rally saw prices penetrate resistance, closing 5/4/01 at $42.71. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 24, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $40.72. Resistance: Is at $43.26. Point & Figure: Reversed to the upside on May 3, 2001. A P&F upside reversal takes place at $40.72. Summary: Technical indicators have turned bullish. BUY! MELLON FINANCIAL CORP (MEL-NYSE) @ $42.87 Stop: Use a protective stop of $40.12. MELLON FINANCIAL CORP is currently trading @ $42.71 plus $11.12 on May 3, 2001. Price Objective: $53.00. Risk/Reward: $2.75 VS. $10.13. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

View full size chart
Price Objective:
$53.00 Risk/Reward:
$2.75 VS. $10.13 Risk/Reward Ratio:
4:1
5 Most Recent Reports
  Posted on: Jul 29, 2021  Tesla Inc (TSLA-Nasdaq)
  Posted on: Jul 11, 2021  Peabody Energy (BTU-NYSE)
  Posted on: Jul 8, 2021  Modine Manufacturing (MOD-NYSE)
  Posted on: Jul 8, 2021  NCR Corp (NCR-NYSE)
  Posted on: Jun 24, 2021  Live Person (LPSN-Nasdaq)

View All Archives

Trailer
Website Design and Development by Webelancer.com