BUY! PARKER HANNIFIN CORP (PH) NYSE

  Report No. 1471    Analysis by: Harry Aloof     MARCH 5, 2002

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$75.00 Risk/Reward:
$2.63 VS. $20.63 Risk/Reward Ratio:
8:1
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