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ALLMERICA FINANCIAL CORP
(AFC-NYSE):
Technical Viewpoint: From a low
of $39.81 on Feb 6, 2002 prices
rallied, reaching a
high of $45.80
on Feb 14, 2002. A
decline saw prices pull back, reaching a
low of
$42.70 on Mar 20, 2002.
Another rally saw prices penetrate
resistance, closing 4/30/02
at $49.91. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 12, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 30, 2002. A P&F upside
reversal takes place at $48.50. Summary: Technical indicators have turned bullish. BUY! ALLMERICA FINANCIAL CORP
(AFC-NYSE) @ $50.13 Stop: Use a protective stop of $47.63.
ALLMERICA FINANCIAL CORP is currently trading @ $49.91 plus $3.90 on Apr 30, 2002. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $10.88. 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:
$61.00
Risk/Reward:
$2.50 VS. $10.88
Risk/Reward Ratio:
8:1
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