ARCH CAPITAL GROUP LTD
(ACGL-Nasdaq):
Technical Viewpoint: From a low
of $54.15 on Mar 10, 2006 prices
rallied, reaching a
high of $57.20
on Mar 17, 2006. A
decline saw prices pull back, reaching a
low of
$55.49 on Mar 24, 2006.
Another rally saw prices penetrate
resistance, closing 3/31/06
at $57.74. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 31, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 14, 2006. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! ARCH CAPITAL GROUP LTD
(ACGL-Nasdaq) @ $58.13 Stop: Use a protective stop of $55.63.
ARCH CAPITAL GROUP LTD is currently trading @ $57.74 plus $0.93 on Mar 31, 2006. Price Objective:
$67.00. Risk/Reward: $2.50 VS. $8.87. Today's Risk Reward Ratio: 4:1
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