COLGATE-PALMOLIVE
(CL-NYSE):
Technical Viewpoint: From a low
of $45.90 on Jun 26, 2002 prices
rallied, reaching a
high of $51.85
on Jun 27, 2002. A
decline saw prices pull back, reaching a
low of
$44.05 on Jul 19, 2002.
Another rally saw prices penetrate
resistance, closing 8/1/02
at $52.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 1, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $55.91.
Point & Figure: Reversed to the upside on Aug 1, 2002. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! COLGATE-PALMOLIVE
(CL-NYSE) @ $53.13 Stop: Use a protective stop of $50.63.
COLGATE-PALMOLIVE is currently trading @ $52.42 plus $1.07 on Aug 1, 2002. Price Objective:
$64.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
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