|
AVON PRODUCTS
(AVP-NYSE):
Technical Viewpoint: From a high
of $34 1/2 on Dec 9, 1998 prices
declined, reaching a
low of $44.56
on Feb 4, 1999. A
rally saw prices pull back, reaching a
high of
$40.56 on Mar 2, 1999.
Another decline saw prices penetrate
support, closing 3/2/99
at $45.56. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Feb 8, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $46 1/4.
Point & Figure: Reversed to the downside on Mar 2, 1999. A P&F downside
reversal takes place at $43 1/2. Summary: Technical indicators have turned bearish. SELL! AVON PRODUCTS
(AVP-NYSE) @ $46 1/8 Stop: Use a protective stop of $43 1/4.
AVON PRODUCTS is currently trading @ $45.56 minus $2.56 on Mar 2, 1999. Price Objective:
$55 3/8. Risk/Reward: $2 7/8 VS. $9 1/4. Today's Risk Reward Ratio: 3:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55 3/8
Risk/Reward:
$2 7/8 VS. $9 1/4
Risk/Reward Ratio:
3:1
|
