HCC INSURANCE HOLDINGS
(HCC-NYSE):
Technical Viewpoint: From a low
of $25.11 on Sep 22, 2005 prices
rallied, reaching a
high of $28.55
on Sep 30, 2005. A
decline saw prices pull back, reaching a
low of
$26.91 on Oct 19, 2005.
Another rally saw prices penetrate
resistance, closing 10/28/05
at $29.58. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 25, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $26.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 12, 2005. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! HCC INSURANCE HOLDINGS
(HCC-NYSE) @ $29.63 Stop: Use a protective stop of $27.63.
HCC INSURANCE HOLDINGS is currently trading @ $29.58 plus $1.38 on Oct 28, 2005. Price Objective:
$38.50. Risk/Reward: $2.00 VS. $8.87. Today's Risk Reward Ratio: 4:1
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