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FAMILY DOLLAR STORES
(FDO-NYSE):
Technical Viewpoint: From a low
of $23.75 on Oct 7, 2002 prices
rallied, reaching a
high of $32.45
on Oct 15, 2002. A
decline saw prices pull back, reaching a
low of
$28.00 on Dec 13, 2002.
Another rally saw prices penetrate
resistance, closing 12/30/02
at $31.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 23, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.00. Resistance: Is at $32.45.
Point & Figure: Reversed to the upside on Dec 19, 2002. A P&F upside
reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! FAMILY DOLLAR STORES
(FDO-NYSE) @ $31.13 Stop: Use a protective stop of $29.13.
FAMILY DOLLAR STORES is currently trading @ $31.00 plus $1.03 on Dec 30, 2002. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $16.88. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $16.88
Risk/Reward Ratio:
8:1
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