BUY! FIFTH THIRD BANCORP (FITB) Nasdaq

  Report No. 1554    Analysis by: Harry Aloof     JULY 9, 2002

FIFTH THIRD BANCORP (FITB-Nasdaq): Technical Viewpoint: From a low of $65.30 on Apr 8, 2002 prices rallied, reaching a high of $69.70 on Apr 15, 2002. A decline saw prices pull back, reaching a low of $62.45 on Jun 14, 2002. Another rally saw prices penetrate resistance, closing 7/8/02 at $68.09. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jul 1, 2002 when the Histogram crossed the "0" line to the upside. Support: Remains at $62.88. Resistance: Is at $69.70. Point & Figure: Reversed to the upside on Jul 5, 2002. A P&F upside reversal takes place at $66.50. Summary: Technical indicators have turned bullish. BUY! FIFTH THIRD BANCORP (FITB-Nasdaq) @ $68.38 Stop: Use a protective stop of $65.63. FIFTH THIRD BANCORP is currently trading @ $68.09 plus $0.82 on Jul 8, 2002. Price Objective: $78.00. Risk/Reward: $2.75 VS. $9.63. Today's Risk Reward Ratio: 3:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$78.00 Risk/Reward:
$2.75 VS. $9.63 Risk/Reward Ratio:
3:1
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