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ENERGY EAST
(EAS-NYSE):
Technical Viewpoint: From a low
of $17.65 on Dec 21, 2001 prices
rallied, reaching a
high of $19.75
on Jan 4, 2002. A
decline saw prices pull back, reaching a
low of
$19.00 on Jan 14, 2002.
Another rally saw prices penetrate
resistance, closing 1/16/02
at $20.30. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $19.50. Resistance: Is at $20.77.
Point & Figure: Reversed to the upside on Jan 16, 2002. A P&F upside
reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! ENERGY EAST
(EAS-NYSE) @ $20.38 Stop: Use a protective stop of $18.88.
ENERGY EAST is currently trading @ $20.30 plus $0.81 on Jan 16, 2002. Price Objective:
$30.50. Risk/Reward: $1.50 VS. $10.13. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$30.50
Risk/Reward:
$1.50 VS. $10.13
Risk/Reward Ratio:
7:1
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