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AMERICAN AXLE & MFG
(AXL-NYSE):
Technical Viewpoint: From a low
of $26.40 on Mar 22, 2002 prices
rallied, reaching a
high of $33.90
on Apr 17, 2002. A
decline saw prices pull back, reaching a
low of
$30.75 on Apr 29, 2002.
Another rally saw prices penetrate
resistance, closing 5/3/02
at $34.50. Technicals: Momentum Index (MTM): A Buy Alert!
was given on May 3, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 2, 2002. A P&F upside
reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! AMERICAN AXLE & MFG
(AXL-NYSE) @ $34.75 Stop: Use a protective stop of $32.25.
AMERICAN AXLE & MFG is currently trading @ $34.50 plus $1.79 on May 3, 2002. Price Objective:
$53.00. Risk/Reward: $2.50 VS. $18.25. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$53.00
Risk/Reward:
$2.50 VS. $18.25
Risk/Reward Ratio:
7:1
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