ROCKWELL INT'L
(ROK-NYSE):
Technical Viewpoint: From a low
of $40 1/4 on Jan 19, 1999 prices
rallied, reaching a
high of $49.44
on Feb 23, 1999. A
decline saw prices pull back, reaching a
low of
$41 1/4 on Apr 5, 1999.
Another rally saw prices penetrate
resistance, closing 4/19/99
at $52.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 12, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47 3/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 15, 1999. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! ROCKWELL INT'L
(ROK-NYSE) @ $53 5/8 Stop: Use a protective stop of $50 3/4.
ROCKWELL INT'L is currently trading @ $52.81 plus $3 7/8 on Apr 19, 1999. Price Objective:
$63.00. Risk/Reward: $2 7/8 VS. $9 3/8. Today's Risk Reward Ratio: 3:1
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