WEATHERFORD INT'L
(WFT-NYSE):
Technical Viewpoint: From a low
of $17.22 on Jul 8, 2009 prices
rallied, reaching a
high of $20.05
on Jul 16, 2009. A
decline saw prices pull back, reaching a
low of
$17.23 on Jul 29, 2009.
Another rally saw prices penetrate
resistance, closing 8/21/09
at $20.82. Technicals: MACD Index (MACD): A Buy Alert!
was given on Aug 13, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.00. Resistance: Is at $22.51.
Point & Figure: Reversed to the upside on Aug 21, 2009. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! WEATHERFORD INT'L
(WFT-NYSE) @ $21.13 Stop: Use a protective stop of $19.63.
WEATHERFORD INT'L is currently trading @ $20.82 plus $0.99 on Aug 21, 2009. Price Objective:
$29.50. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
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