LEAR CORP
(LEA-NYSE):
Technical Viewpoint: From a low
of $32.70 on Dec 30, 2002 prices
rallied, reaching a
high of $39.63
on Jan 15, 2003. A
decline saw prices pull back, reaching a
low of
$36.46 on Jan 22, 2003.
Another rally saw prices penetrate
resistance, closing 2/3/03
at $41.20. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.00. Resistance: Is at $42.24.
Point & Figure: Reversed to the upside on Jan 7, 2003. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! LEAR CORP
(LEA-NYSE) @ $41.38 Stop: Use a protective stop of $39.38.
LEAR CORP is currently trading @ $41.20 plus $0.90 on Feb 3, 2003. Price Objective:
$57.00. Risk/Reward: $2.00 VS. $15.63. Today's Risk Reward Ratio: 8:1
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