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WEYERHAEUSER CO
(WY-NYSE):
Technical Viewpoint: From a low
of $50.93 on Jan 16, 2002 prices
rallied, reaching a
high of $59.94
on Jan 29, 2002. A
decline saw prices pull back, reaching a
low of
$55.25 on Feb 6, 2002.
Another rally saw prices penetrate
resistance, closing 2/7/02
at $58.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 7, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.00. Resistance: Is at $59.94.
Point & Figure: Reversed to the upside on Feb 7, 2002. A P&F upside
reversal takes place at $56.50. Summary: Technical indicators have turned bullish. BUY! WEYERHAEUSER CO
(WY-NYSE) @ $58.50 Stop: Use a protective stop of $55.75.
WEYERHAEUSER CO is currently trading @ $58.25 plus $1.76 on Feb 7, 2002. Price Objective:
$69.00. Risk/Reward: $2.75 VS. $10.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$2.75 VS. $10.50
Risk/Reward Ratio:
4:1
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