XL CAPITAL LTD
(XL-NYSE):
Technical Viewpoint: From a low
of $65.40 on May 4, 2001 prices
rallied, reaching a
high of $80.60
on May 30, 2001. A
decline saw prices pull back, reaching a
low of
$77.22 on Jun 4, 2001.
Another rally saw prices penetrate
resistance, closing 6/13/01
at $83.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 14, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $81.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 13, 2001. A P&F upside
reversal takes place at $82.00. Summary: Technical indicators have turned bullish. BUY! XL CAPITAL LTD
(XL-NYSE) @ $83.62 Stop: Use a protective stop of $80.87.
XL CAPITAL LTD is currently trading @ $83.60 plus $1.70 on Jun 13, 2001. Price Objective:
$98.00. Risk/Reward: $2.75 VS. $14.38. Today's Risk Reward Ratio: 5:1
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