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STANDARD & POORS MDCP SPDR
(MDY-Amex):
Technical Viewpoint: From a low
of $89.85 on Feb 21, 2002 prices
rallied, reaching a
high of $99.81
on Mar 19, 2002. A
decline saw prices pull back, reaching a
low of
$96.10 on Apr 8, 2002.
Another rally saw prices penetrate
resistance, closing 4/10/02
at $99.95. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 27, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $97.00. Resistance: Is at $100.80.
Point & Figure: Reversed to the upside on Mar 4, 2002. A P&F upside
reversal takes place at $96.00. Summary: Technical indicators have turned bullish. BUY! STANDARD & POORS MDCP SPDR
(MDY-Amex) @ $100.13 Stop: Use a protective stop of $97.50.
STANDARD & POORS MDCP SPDR is currently trading @ $99.95 plus $1.75 on Apr 10, 2002. Price Objective:
$111.00. Risk/Reward: $2.63 VS. $10.88. 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:
$111.00
Risk/Reward:
$2.63 VS. $10.88
Risk/Reward Ratio:
4:1
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