ALLMERICA FINANCIAL
(AFC-NYSE):
Technical Viewpoint: From a low
of $23.82 on Oct 28, 2003 prices
rallied, reaching a
high of $28.36
on Nov 3, 2003. A
decline saw prices pull back, reaching a
low of
$25.95 on Nov 21, 2003.
Another rally saw prices penetrate
resistance, closing 12/5/03
at $28.93. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Dec 6, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $27.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 5, 2003. A P&F upside
reversal takes place at $28.25. Summary: Technical indicators have turned bullish. BUY! ALLMERICA FINANCIAL
(AFC-NYSE) @ $29.13 Stop: Use a protective stop of $27.13.
ALLMERICA FINANCIAL is currently trading @ $28.93 plus $1.74 on Dec 5, 2003. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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