POLAROID CORP
(PRD-NYSE):
Technical Viewpoint: From a low
of $19 7/8 on May 6, 1999 prices
rallied, reaching a
high of $23 3/4
on May 21, 1999. A
decline saw prices pull back, reaching a
low of
$19 3/4 on Jun 10, 1999.
Another rally saw prices penetrate
resistance, closing 6/24/99
at $27 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 16, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.00. Resistance: Is at $28.00.
Point & Figure: Reversed to the upside on Jun 24, 1999. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! POLAROID CORP
(PRD-NYSE) @ $28 1/8 Stop: Use a protective stop of $25 7/8.
POLAROID CORP is currently trading @ $27 3/4 plus $1 7/8 on Jun 24, 1999. Price Objective:
$40.00. Risk/Reward: $2 1/4 VS. $11 7/8. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|