KMART HOLDING CORP
(KMRT-Nasdaq):
Technical Viewpoint: From a low
of $43.00 on Apr 15, 2004 prices
rallied, reaching a
high of $48.00
on Apr 23, 2004. A
decline saw prices pull back, reaching a
low of
$40.66 on May 10, 2004.
Another rally saw prices penetrate
resistance, closing 5/17/04
at $48.62. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 14, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $43.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 17, 2004. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! KMART HOLDING CORP
(KMRT-Nasdaq) @ $49.50 Stop: Use a protective stop of $47.50.
KMART HOLDING CORP is currently trading @ $48.62 plus $4.32 on May 17, 2004. Price Objective:
$61.50. Risk/Reward: $2.00 VS. $12.00. Today's Risk Reward Ratio: 6:1
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