CARDINAL HEALTH INC
(CAH-NYSE):
Technical Viewpoint: From a low
of $59.65 on Sep 24, 2002 prices
rallied, reaching a
high of $66.72
on Sep 27, 2002. A
decline saw prices pull back, reaching a
low of
$60.50 on Oct 10, 2002.
Another rally saw prices penetrate
resistance, closing 10/21/02
at $69.62. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 21, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $65.50. Resistance: Is at $71.90.
Point & Figure: Reversed to the upside on Oct 21, 2002. A P&F upside
reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! CARDINAL HEALTH INC
(CAH-NYSE) @ $70.13 Stop: Use a protective stop of $67.63.
CARDINAL HEALTH INC is currently trading @ $69.62 plus $3.01 on Oct 21, 2002. Price Objective:
$87.00. Risk/Reward: $2.50 VS. $16.88. 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:
$87.00
Risk/Reward:
$2.50 VS. $16.88
Risk/Reward Ratio:
7:1
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