EASTMAN KODAK
(EK-NYSE):
Technical Viewpoint: From a low
of $26.64 on Jul 10, 2002 prices
rallied, reaching a
high of $29.90
on Jul 12, 2002. A
decline saw prices pull back, reaching a
low of
$26.30 on Jul 24, 2002.
Another rally saw prices penetrate
resistance, closing 7/29/02
at $30.59. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 11, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $28.70. Resistance: Is at $31.28.
Point & Figure: Reversed to the upside on Jul 25, 2002. A P&F upside
reversal takes place at $29.00. Summary: Technical indicators have turned bullish. BUY! EASTMAN KODAK
(EK-NYSE) @ $31.13 Stop: Use a protective stop of $29.13.
EASTMAN KODAK is currently trading @ $30.59 plus $1.99 on Jul 29, 2002. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $13.88. Today's Risk Reward Ratio: 7:1
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