PARKER HANNIFIN CORP
(PH-NYSE):
Technical Viewpoint: From a low
of $43.65 on Jan 16, 2002 prices
rallied, reaching a
high of $49.33
on Feb 1, 2002. A
decline saw prices pull back, reaching a
low of
$45.90 on Feb 8, 2002.
Another rally saw prices penetrate
resistance, closing 3/4/02
at $53.85. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 21, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $50.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 4, 2002. A P&F upside
reversal takes place at $52.50. Summary: Technical indicators have turned bullish. BUY! PARKER HANNIFIN CORP
(PH-NYSE) @ $54.38 Stop: Use a protective stop of $51.75.
PARKER HANNIFIN CORP is currently trading @ $53.85 plus $3.65 on Mar 4, 2002. Price Objective:
$75.00. Risk/Reward: $2.63 VS. $20.63. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$75.00
Risk/Reward:
$2.63 VS. $20.63
Risk/Reward Ratio:
8:1
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