TOSCO CORP
(TOS-NYSE):
Technical Viewpoint: From a high
of $26.19 on Mar 15, 2000 prices
declined, reaching a
low of $32.00
on Mar 30, 2000. A
rally saw prices pull back, reaching a
high of
$28 1/2 on Apr 5, 2000.
Another decline saw prices penetrate
support, closing 4/14/00
at $31 5/8. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Feb 7, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28 1/2. Resistance: Is at $32.00.
Point & Figure: Reversed to the downside on Apr 7, 2000. A P&F downside
reversal takes place at $29 1/4. Summary: Technical indicators have turned bearish. SELL! TOSCO CORP
(TOS-NYSE) @ $32 1/8 Stop: Use a protective stop of $29 1/2.
TOSCO CORP is currently trading @ $31 5/8 minus $.57 on Apr 14, 2000. Price Objective:
$32 1/2. Risk/Reward: $2 5/8 VS. $13 7/8. Today's Risk Reward Ratio: 5:1
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