COVENTRY HEALTH CARE
(CVH-NYSE):
Technical Viewpoint: From a low
of $26.52 on Apr 22, 2002 prices
rallied, reaching a
high of $32.50
on May 1, 2002. A
decline saw prices pull back, reaching a
low of
$28.35 on May 20, 2002.
Another rally saw prices penetrate
resistance, closing 6/7/02
at $33.85. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 5, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $29.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 8, 2002. A P&F upside
reversal takes place at $32.00. Summary: Technical indicators have turned bullish. BUY! COVENTRY HEALTH CARE
(CVH-NYSE) @ $34.13 Stop: Use a protective stop of $31.63.
COVENTRY HEALTH CARE is currently trading @ $33.85 plus $1.59 on Jun 8, 2002. Price Objective:
$46.00. Risk/Reward: $2.50 VS. $11.88. Today's Risk Reward Ratio: 5:1
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