LEAR CORP
(LEA-NYSE):
Technical Viewpoint: From a low
of $52.39 on Sep 9, 2003 prices
rallied, reaching a
high of $55.75
on Sep 18, 2003. A
decline saw prices pull back, reaching a
low of
$52.28 on Sep 30, 2003.
Another rally saw prices penetrate
resistance, closing 10/2/03
at $57.01. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 2, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 2, 2003. A P&F upside
reversal takes place at $54.75. Summary: Technical indicators have turned bullish. BUY! LEAR CORP
(LEA-NYSE) @ $57.63 Stop: Use a protective stop of $55.13.
LEAR CORP is currently trading @ $57.01 plus $2.54 on Oct 2, 2003. Price Objective:
$71.00. Risk/Reward: $2.50 VS. $13.37. Today's Risk Reward Ratio: 5:1
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