BJ SERVICES CO
(BJS-NYSE):
Technical Viewpoint: From a low
of $26.58 on Jul 24, 2002 prices
rallied, reaching a
high of $33.48
on Jul 30, 2002. A
decline saw prices pull back, reaching a
low of
$27.40 on Aug 7, 2002.
Another rally saw prices penetrate
resistance, closing 8/12/02
at $32.23. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 8, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $27.75. Resistance: Is at $33.48.
Point & Figure: Reversed to the upside on Aug 9, 2002. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! BJ SERVICES CO
(BJS-NYSE) @ $32.88 Stop: Use a protective stop of $30.88.
BJ SERVICES CO is currently trading @ $32.23 plus $0.66 on Aug 12, 2002. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $12.13. Today's Risk Reward Ratio: 6:1
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