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SAFECO CORP
(SAFC-Nasdaq):
Technical Viewpoint: From a low
of $29.00 on Jan 30, 2002 prices
rallied, reaching a
high of $34.66
on Feb 27, 2002. A
decline saw prices pull back, reaching a
low of
$31.62 on Apr 1, 2002.
Another rally saw prices penetrate
resistance, closing 4/17/02
at $35.02. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 10, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.50. Resistance: Is at $35.63.
Point & Figure: Reversed to the upside on Apr 10, 2002. A P&F upside
reversal takes place at $33.50. Summary: Technical indicators have turned bullish. BUY! SAFECO CORP
(SAFC-Nasdaq) @ $35.13 Stop: Use a protective stop of $32.63.
SAFECO CORP is currently trading @ $35.02 plus $1.01 on Apr 17, 2002. Price Objective:
$46.00. Risk/Reward: $2.50 VS. $9.88. 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:
$46.00
Risk/Reward:
$2.50 VS. $9.88
Risk/Reward Ratio:
4:1
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