FIFTH THIRD BANCORP
(FITB-Nasdaq):
Technical Viewpoint: From a low
of $65.30 on Apr 8, 2002 prices
rallied, reaching a
high of $69.70
on Apr 15, 2002. A
decline saw prices pull back, reaching a
low of
$62.45 on Jun 14, 2002.
Another rally saw prices penetrate
resistance, closing 7/8/02
at $68.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.88. Resistance: Is at $69.70.
Point & Figure: Reversed to the upside on Jul 5, 2002. A P&F upside
reversal takes place at $66.50. Summary: Technical indicators have turned bullish. BUY! FIFTH THIRD BANCORP
(FITB-Nasdaq) @ $68.38 Stop: Use a protective stop of $65.63.
FIFTH THIRD BANCORP is currently trading @ $68.09 plus $0.82 on Jul 8, 2002. Price Objective:
$78.00. Risk/Reward: $2.75 VS. $9.63. Today's Risk Reward Ratio: 3:1
|
Click here to view full size chart
|