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CHICAGO MERCANTILE EXCHANGE
(CME-NYSE):
Technical Viewpoint: From a low
of $41.35 on Feb 5, 2003 prices
rallied, reaching a
high of $46.00
on Feb 26, 2003. A
decline saw prices pull back, reaching a
low of
$41.90 on Mar 12, 2003.
Another rally saw prices penetrate
resistance, closing 3/24/03
at $48.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 18, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.55. Resistance: Is at $48.40.
Point & Figure: Reversed to the upside on Mar 17, 2003. A P&F upside
reversal takes place at $45.75. Summary: Technical indicators have turned bullish. BUY! CHICAGO MERCANTILE EXCHANGE
(CME-NYSE) @ $48.25 Stop: Use a protective stop of $46.25.
CHICAGO MERCANTILE EXCHANGE is currently trading @ $48.00 plus $0.90 on Mar 24, 2003. Price Objective:
$63.00. Risk/Reward: $2.00 VS. $14.75. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$63.00
Risk/Reward:
$2.00 VS. $14.75
Risk/Reward Ratio:
7:1
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