FLAGSTAR BANCORP INC
(FBC-NYSE):
Technical Viewpoint: From a low
of $1672 on Nov 12, 2002 prices
rallied, reaching a
high of $19.94
on Nov 26, 2002. A
decline saw prices pull back, reaching a
low of
$17.70 on Dec 5, 2002.
Another rally saw prices penetrate
resistance, closing 12/27/02
at $21.65. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 28, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20.40. Resistance: Is at $22.70.
Point & Figure: Reversed to the upside on Dec 17, 2002. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! FLAGSTAR BANCORP INC
(FBC-NYSE) @ $22.13 Stop: Use a protective stop of $20.13.
FLAGSTAR BANCORP INC is currently trading @ $21.65 plus $1.20 on Dec 28, 2002. Price Objective:
$32.00. Risk/Reward: $2.00 VS. $9.88. 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:
$32.00
Risk/Reward:
$2.00 VS. $9.88
Risk/Reward Ratio:
5:1
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