APACHE CORP
(APA-NYSE):
Technical Viewpoint: From a low
of $55.15 on Jan 8, 2003 prices
rallied, reaching a
high of $62.51
on Jan 17, 2003. A
decline saw prices pull back, reaching a
low of
$58.51 on Jan 28, 2003.
Another rally saw prices penetrate
resistance, closing 1/31/03
at $62.41. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 4, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $57.75. Resistance: Is at $64.75.
Point & Figure: Reversed to the upside on Jan 27, 2003. A P&F upside
reversal takes place at $59.00. Summary: Technical indicators have turned bullish. BUY! APACHE CORP
(APA-NYSE) @ $62.50 Stop: Use a protective stop of $60.13.
APACHE CORP is currently trading @ $62.41 plus $2.15 on Jan 31, 2003. Price Objective:
$77.00. Risk/Reward: $2.38 VS. $14.50. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.00
Risk/Reward:
$2.38 VS. $14.50
Risk/Reward Ratio:
6:1
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