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GEORGIA-PACIFIC CP
(TGP-NYSE):
Technical Viewpoint: From a low
of $34.20 on Jun 25, 2001 prices
rallied, reaching a
high of $37.10
on Jul 18, 2001. A
decline saw prices pull back, reaching a
low of
$35.75 on Jul 31, 2001.
Another rally saw prices penetrate
resistance, closing 8/8/01
at $37.29. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Aug 7, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 6, 2001. A P&F upside
reversal takes place at $35.50. Summary: Technical indicators have turned bullish. BUY! GEORGIA-PACIFIC CP
(TGP-NYSE) @ $37.38 Stop: Use a protective stop of $34.75.
GEORGIA-PACIFIC CP is currently trading @ $37.29 plus $.54 on Aug 8, 2001. Price Objective:
$52.00. Risk/Reward: $2.62 VS. $14.62. 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:
$52.00
Risk/Reward:
$2.62 VS. $14.62
Risk/Reward Ratio:
5:1
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