GREAT AMERICAN FINL RESC
(GFR-NYSE):
Technical Viewpoint: From a low
of $16.96 on Jun 10, 2005 prices
rallied, reaching a
high of $19.67
on Jun 17, 2005. A
decline saw prices pull back, reaching a
low of
$18.24 on Jun 23, 2005.
Another rally saw prices penetrate
resistance, closing 6/24/05
at $19.81. Technicals: MACD Index (MACD): A Buy Alert!
was given on May 2, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 2, 2005. A P&F upside
reversal takes place at $18.00. Summary: Technical indicators have turned bullish. BUY! GREAT AMERICAN FINL RESC
(GFR-NYSE) @ $19.88 Stop: Use a protective stop of $18.38.
GREAT AMERICAN FINL RESC is currently trading @ $19.81 plus $1.49 on Jun 24, 2005. Price Objective:
$29.50. Risk/Reward: $1.50 VS. $9.62. Today's Risk Reward Ratio: 6:1
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