GOLDCORP INC
(GG-NYSE):
Technical Viewpoint: From a low
of $14.50 on Mar 15, 2002 prices
rallied, reaching a
high of $18.58
on Apr 2, 2002. A
decline saw prices pull back, reaching a
low of
$15.80 on Apr 12, 2002.
Another rally saw prices penetrate
resistance, closing 5/20/02
at $21.00. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 20, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.20. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 20, 2002. A P&F upside
reversal takes place at $19.95. Summary: Technical indicators have turned bullish. BUY! GOLDCORP INC
(GG-NYSE) @ $21.13 Stop: Use a protective stop of $19.63.
GOLDCORP INC is currently trading @ $21.00 plus $2.00 on May 20, 2002. Price Objective:
$29.50. Risk/Reward: $1.50 VS. $8.38. Today's Risk Reward Ratio: 5:1
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