EQUITY OFFICE PROP TRUST
(EOP-NYSE):
Technical Viewpoint: From a low
of $27.18 on Feb 8, 2002 prices
rallied, reaching a
high of $31.36
on Apr 12, 2002. A
decline saw prices pull back, reaching a
low of
$28.16 on May 10, 2002.
Another rally saw prices penetrate
resistance, closing 6/25/02
at $30.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 24, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.75. Resistance: Is at $31.36.
Point & Figure: Reversed to the upside on Jun 11, 2002. A P&F upside
reversal takes place at $29.75. Summary: Technical indicators have turned bullish. BUY! EQUITY OFFICE PROP TRUST
(EOP-NYSE) @ $30.63 Stop: Use a protective stop of $28.63.
EQUITY OFFICE PROP TRUST is currently trading @ $30.42 plus $0.44 on Jun 25, 2002. Price Objective:
$40.00. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 5:1
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