CAPITAL ONE FINANCIAL CORP
(EOC-NYSE):
Technical Viewpoint: From a low
of $35.97 on Oct 30, 2009 prices
rallied, reaching a
high of $40.62
on Nov 18, 2009. A
decline saw prices pull back, reaching a
low of
$36.64 on Dec 3, 2009.
Another rally saw prices penetrate
resistance, closing 12/11/09
at $40.40. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 11, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.50. Resistance: Is at $40.62.
Point & Figure: Reversed to the upside on Dec 11, 2009. A P&F upside
reversal takes place at $38.00. Summary: Technical indicators have turned bullish. BUY! Capital One Financial Corp
(EOC-NYSE) @ $40.50 Stop: Use a protective stop of $38.50.
Capital One Financial Corp is currently trading @ $40.40 plus $1.68 on Dec 11, 2009. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $19.00. Today's Risk Reward Ratio:
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