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NEWFIELD EXPLORATION
(NFX-NYSE):
Technical Viewpoint: From a low
of $31.24 on Oct 10, 2002 prices
rallied, reaching a
high of $36.51
on Oct 21, 2002. A
decline saw prices pull back, reaching a
low of
$33.76 on Nov 13, 2002.
Another rally saw prices penetrate
resistance, closing 12/12/02
at $38.79. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 14, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.50. Resistance: Is at $39.15.
Point & Figure: Reversed to the upside on Dec 2, 2002. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! NEWFIELD EXPLORATION
(NFX-NYSE) @ $38.88 Stop: Use a protective stop of $36.88.
NEWFIELD EXPLORATION is currently trading @ $38.79 plus $1.84 on Dec 12, 2002. Price Objective:
$49.00. Risk/Reward: $2.00 VS. $10.12. 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:
$49.00
Risk/Reward:
$2.00 VS. $10.12
Risk/Reward Ratio:
5:1
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