COOPER TIRE & RUBER
(CTB-NYSE):
Technical Viewpoint: From a low
of $14.63 on Feb 7, 2002 prices
rallied, reaching a
high of $20.00
on Mar 4, 2002. A
decline saw prices pull back, reaching a
low of
$19.13 on Mar 11, 2002.
Another rally saw prices penetrate
resistance, closing 3/13/02
at $21.89. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 11, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 13, 2002. A P&F upside
reversal takes place at $21.25. Summary: Technical indicators have turned bullish. BUY! COOPER TIRE & RUBER
(CTB-NYSE) @ $22.13 Stop: Use a protective stop of $20.13.
COOPER TIRE & RUBER is currently trading @ $21.89 plus $2.05 on Mar 13, 2002. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $11.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$34.00
Risk/Reward:
$2.00 VS. $11.88
Risk/Reward Ratio:
6:1
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