AFLAC INC
(AFL-NYSE):
Technical Viewpoint: From a low
of $28.15 on Apr 23, 2002 prices
rallied, reaching a
high of $30.57
on May 1, 2002. A
decline saw prices pull back, reaching a
low of
$28.94 on May 15, 2002.
Another rally saw prices penetrate
resistance, closing 6/10/02
at $32.91. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 23, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $30.38. Resistance: Is at $35.24.
Point & Figure: Reversed to the upside on Jun 10, 2002. A P&F upside
reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! AFLAC INC
(AFL-NYSE) @ $33.25 Stop: Use a protective stop of $31.25.
AFLAC INC is currently trading @ $32.91 plus $0.89 on Jun 10, 2002. Price Objective:
$42.00. Risk/Reward: $2.00 VS. $8.75. Today's Risk Reward Ratio: 4:1
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