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* Today's Sector Analysis: "Banking  " Institutional Technical Viewpoint
Buy Alert!
Activision Inc
(ATVI):
$15.13 Stop. $13.63 P-Stop $24.00 P-Objective
Dow Jones Ind: 9,786.61 plus 12.08 points Oct 30, 2003 * Price Objective: 10,500
Volume Two No. 1874
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TICKER
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COMPANY NAME
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BUY!
SELL
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RSI INDEX
* OPTIONS
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ENTRY
PRICE
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STOPS
10/31/03
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PRICE
OBJ
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CLOSE
PRICE
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AVO
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ADVANCED MEDICAL OPTICS
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BUY!
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* RSI: 65
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$19.63
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$18.13
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$29.00
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$19.38
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CSX
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CSX CORPORATION
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BUY!
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* RSI: 61
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$31.75
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$29.75
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$43.00
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$31.49
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HON
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HONEYWELL INT'L
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BUY!
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* RSI: 62
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$31.13
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$29.13
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$42.00
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$30.46
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MHP
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MCGRAW-HILL COMPANIES
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BUY!
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* RSI: 73
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$67.50
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$65.13
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$79.00
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$67.24
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NTLI
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NLT INCORPORATED
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BUY!
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* RSI: 75
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$62.50
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$60.13
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$70.00
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$62.16
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PSFT
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PEOPLESOFT INC
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BUY!
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* RSI: 67
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$21.88
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$30.38
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$34.00
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$21.55
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SUN
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SUNOCO INC
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BUY!
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* RSI: 68
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$43.38
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$41.38
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$54.00
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$43.17
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TIN
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TEMPLE ISLAND INC
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BUY!
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* RSI: 71
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$54.75
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$52.25
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$68.00
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$53.70
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Banking
GBBK: $27.13 UBB: $22.38 WFC: $55.50
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Buy Alerts
HDWR: $19.13 MGM: $16.13 OMG: $19.63
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VALERO ENERGY CORP
(VLO-NYSE):
Technical Viewpoint: From a low
of $36.67 on Sep 26, 2003 prices
rallied, reaching a
high of $40.18
on Oct 7, 2003. A
decline saw prices pull back, reaching a
low of
$38.39 on Oct 28, 2003.
Another rally saw prices penetrate
resistance, closing 10/30/03
at $41.40. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 6, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $38.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 30, 2003. A P&F upside
reversal takes place at $39.50. Summary: Technical indicators have turned bullish. BUY! VALERO ENERGY CORP
(VLO-NYSE) @ $41.50 Stop: Use a protective stop of $39.50.
VALERO ENERGY CORP is currently trading @ $41.40 plus $1.88 on Oct 30, 2003. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $13.50. Today's Risk Reward Ratio: 7:1
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Click here to view full size chart
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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