LEAR CORP
(LEA-NYSE):
Technical Viewpoint: From a low
of $32.80 on Dec 31, 2002 prices
rallied, reaching a
high of $39.66
on Jan 16, 2003. A
decline saw prices pull back, reaching a
low of
$36.46 on Jan 22, 2003.
Another rally saw prices penetrate
resistance, closing 1/27/03
at $39.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 7, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.00. Resistance: Is at $44.20.
Point & Figure: Reversed to the upside on Jan 27, 2003. A P&F upside
reversal takes place at $37.50. Summary: Technical indicators have turned bullish. BUY! Lear Corp
(LEA-NYSE) @ $40.38 Stop: Use a protective stop of $38.38.
Lear Corp is currently trading @ $39.88 plus $2.18 on Jan 27, 2003. Price Objective:
$57.00. Risk/Reward: $2.00 VS. $18.62. Today's Risk Reward Ratio: 9:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$57.00
Risk/Reward:
$2.00 VS. $18.62
Risk/Reward Ratio:
9:1
|