LAZARD LTD
(LAZ-NYSE):
Technical Viewpoint: From a low
of $25.79 on Jul 6, 2009 prices
rallied, reaching a
high of $39.97
on Aug 27, 2009. A
decline saw prices pull back, reaching a
low of
$33.83 on Sep 21, 2009.
Another rally saw prices penetrate
resistance, closing 9/29/09
at $42.16. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 29, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $39.95. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 22, 2009. A P&F upside
reversal takes place at $. Summary: Technical indicators have turned bullish. BUY! LAZARD LTD
(LAZ-NYSE) @ $42.75 Stop: Use a protective stop of $40.75.
LAZARD LTD is currently trading @ $42.16 plus $2.21 on Sep 29, 2009. Price Objective:
$55.00. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1
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