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CITY NATIONAL CORP
(CYN-NYSE):
Technical Viewpoint: From a low
of $43.56 on Jun 26, 2003 prices
rallied, reaching a
high of $45.18
on Jul 7, 2003. A
decline saw prices pull back, reaching a
low of
$43.50 on Jul 14, 2003.
Another rally saw prices penetrate
resistance, closing 7/16/03
at $48.68. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 23, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $45.00. Resistance: Is at $50.43.
Point & Figure: Reversed to the upside on Jul 16, 2003. A P&F upside
reversal takes place at $47.50. Summary: Technical indicators have turned bullish. BUY! CITY NATIONAL CORP
(CYN-NYSE) @ $49.25 Stop: Use a protective stop of $47.25.
CITY NATIONAL CORP is currently trading @ $48.68 plus $3.68 on Jul 16, 2003. Price Objective:
$59.25. Risk/Reward: $2.00 VS. $10.00. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.25
Risk/Reward:
$2.00 VS. $10.00
Risk/Reward Ratio:
5:1
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