COUNTRYWIDE FINANCIAL
(CFC-NYSE):
Technical Viewpoint: From a low
of $31.58 on Apr 15, 2005 prices
rallied, reaching a
high of $36.33
on Apr 29, 2005. A
decline saw prices pull back, reaching a
low of
$33.45 on May 13, 2005.
Another rally saw prices penetrate
resistance, closing 5/27/05
at $37.40. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 18, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at $38.65.
Point & Figure: Reversed to the upside on Apr 26, 2005. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! COUNTRYWIDE FINANCIAL
(CFC-NYSE) @ $37.63 Stop: Use a protective stop of $35.63.
COUNTRYWIDE FINANCIAL is currently trading @ $37.40 plus $0.75 on May 27, 2005. Price Objective:
$46.00. Risk/Reward: $2.00 VS. $8.37. Today's Risk Reward Ratio: 4:1
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