BUY! KERR-MCGEE CORP (KMG) NYSE

  Report No. 1766    Analysis by: Harry Aloof     MAY 22, 2003

KERR-MCGEE CORP (KMG-NYSE): Technical Viewpoint: From a low of $40.54 on Apr 29, 2003 prices rallied, reaching a high of $45.17 on May 13, 2003. A decline saw prices pull back, reaching a low of $44.15 on May 20, 2003. Another rally saw prices penetrate resistance, closing 5/21/03 at $46.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 22, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $44.25. Resistance: Is at $47.51. Point & Figure: Reversed to the upside on May 13, 2003. A P&F upside reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! KERR-MCGEE CORP (KMG-NYSE) @ $46.63 Stop: Use a protective stop of $44.63. KERR-MCGEE CORP is currently trading @ $46.26 plus $1.72 on May 21, 2003. Price Objective: $67.50. Risk/Reward: $2.00 VS. $15.37. Today's Risk Reward Ratio: 8:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$67.50 Risk/Reward:
$2.00 VS. $15.37 Risk/Reward Ratio:
8:1
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