PRUDENTIAL FINANCIAL
(PRU-NYSE):
Technical Viewpoint: From a low
of $25.25 on Oct 9, 2002 prices
rallied, reaching a
high of $30.40
on Oct 21, 2002. A
decline saw prices pull back, reaching a
low of
$27.85 on Oct 3, 2002.
Another rally saw prices penetrate
resistance, closing 11/6/02
at $30.71. 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 $28.75. Resistance: Is at $32.01.
Point & Figure: Reversed to the upside on Oct 31, 2002. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! PRUDENTIAL FINANCIAL
(PRU-NYSE) @ $31.13 Stop: Use a protective stop of $29.13.
PRUDENTIAL FINANCIAL is currently trading @ $30.71 plus $1.81 on Nov 6, 2002. Price Objective:
$40.50. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.50
Risk/Reward:
$2.00 VS. $9.38
Risk/Reward Ratio:
5:1
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