BURLINGTON RESOURCES INC
(BR-NYSE):
Technical Viewpoint: From a low
of $41.10 on Jan 22, 2003 prices
rallied, reaching a
high of $45.52
on Feb 11, 2003. A
decline saw prices pull back, reaching a
low of
$42.94 on Feb 14, 2003.
Another rally saw prices penetrate
resistance, closing 2/21/03
at $46.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 15, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.25. Resistance: Is at $51.95.
Point & Figure: Reversed to the upside on Feb 18, 2003. A P&F upside
reversal takes place at $44.50. Summary: Technical indicators have turned bullish. BUY! BURLINGTON RESOURCES INC
(BR-NYSE) @ $46.13 Stop: Use a protective stop of $44.13.
BURLINGTON RESOURCES INC is currently trading @ $46.00 plus $1.21 on Feb 23, 2003. Price Objective:
$54.50. Risk/Reward: $2.00 VS. $8.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.50
Risk/Reward:
$2.00 VS. $8.38
Risk/Reward Ratio:
4:1
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