|
REMINGTON OIL & GAS
(REM-NYSE):
Technical Viewpoint: From a low
of $16.30 on Jan 2, 2003 prices
rallied, reaching a
high of $19.09
on Jan 31, 2003. A
decline saw prices pull back, reaching a
low of
$17.90 on Feb 16, 2003.
Another rally saw prices penetrate
resistance, closing 2/7/03
at $19.38. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $18.38. Resistance: Is at $19.92.
Point & Figure: Reversed to the upside on Feb 4, 2003. A P&F upside
reversal takes place at $18.50. Summary: Technical indicators have turned bullish. BUY! REMINGTON OIL & GAS
(REM-NYSE) @ $20.13 Stop: Use a protective stop of $18.63.
REMINGTON OIL & GAS is currently trading @ $19.38 plus $0.37 on Feb 7, 2003. Price Objective:
$33.00. Risk/Reward: $1.50 VS. $12.88. Today's Risk Reward Ratio: 8:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$33.00
Risk/Reward:
$1.50 VS. $12.88
Risk/Reward Ratio:
8:1
|
