TYCO INTERNATIONAL LTD
(TYC-NYSE):
Technical Viewpoint: From a low
of $12.00 on Oct 17, 2002 prices
rallied, reaching a
high of $15.90
on Oct 24, 2002. A
decline saw prices pull back, reaching a
low of
$14.20 on Nov 1, 2002.
Another rally saw prices penetrate
resistance, closing 11/18/02
at $16.04. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 28, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $13.75. Resistance: Is at $16.20.
Point & Figure: Reversed to the upside on Oct 24, 2002. A P&F upside
reversal takes place at $14.50. Summary: Technical indicators have turned bullish. BUY! TYCO INTERNATIONAL LTD
(TYC-NYSE) @ $16.13 Stop: Use a protective stop of $14.63.
TYCO INTERNATIONAL LTD is currently trading @ $16.04 plus $0.69 on Nov 18, 2002. Price Objective:
$26.50. Risk/Reward: $1.50 VS. $10.38. Today's Risk Reward Ratio: 7:1
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