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DIAMONDS TRUST
(DIA-Amex):
Technical Viewpoint: From a low
of $75.28 on Jul 24, 2002 prices
rallied, reaching a
high of $85.41
on Jul 30, 2002. A
decline saw prices pull back, reaching a
low of
$80.30 on Aug 5, 2002.
Another rally saw prices penetrate
resistance, closing 8/19/02
at $89.92. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 19, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $86.25. Resistance: Is at $91.60.
Point & Figure: Reversed to the upside on Aug 5, 2002. A P&F upside
reversal takes place at $87.00. Summary: Technical indicators have turned bullish. BUY! DIAMONDS TRUST
(DIA-Amex) @ $90.25 Stop: Use a protective stop of $87.75.
DIAMONDS TRUST is currently trading @ $89.92 plus $2.19 on Aug 19, 2002. Price Objective:
$109.00. Risk/Reward: $2.50 VS. $18.88. 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:
$109.00
Risk/Reward:
$2.50 VS. $18.88
Risk/Reward Ratio:
7:1
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