AETNA INC
(AET-NYSE):
Technical Viewpoint: From a high
of $47.00 on Mar 13, 2000 prices
declined, reaching a
low of $60.00
on Apr 11, 2000. A
rally saw prices pull back, reaching a
high of
$51 1/2 on Apr 17, 2000.
Another decline saw prices penetrate
support, closing 5/22/00
at $66 1/4. Technicals: Stochastic Oscillator (STOC): A Sell Alert!
was given on May 9, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $58.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on May 10, 2000. A P&F downside
reversal takes place at $63.00. Summary: Technical indicators have turned bearish. SELL! AETNA INC
(AET-NYSE) @ $67 1/8 Stop: Use a protective stop of $64 3/8.
AETNA INC is currently trading @ $66 1/4 minus $4.56 on May 22, 2000. Price Objective:
$84.00. Risk/Reward: $2 3/4 VS. $16 7/8. Today's Risk Reward Ratio: 6:1
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