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FIRST AMERICAN CORP
(FAF-NYSE):
Technical Viewpoint: From a low
of $24.10 on Sep 26, 2003 prices
rallied, reaching a
high of $27.50
on Oct 2, 2003. A
decline saw prices pull back, reaching a
low of
$25.88 on Oct 7, 2003.
Another rally saw prices penetrate
resistance, closing 10/8/03
at $27.26. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 19, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.88. Resistance: Is at $27.50.
Point & Figure: Reversed to the upside on Oct 8, 2003. A P&F upside
reversal takes place at $26.50. Summary: Technical indicators have turned bullish. BUY! FIRST AMERICAN CORP
(FAF-NYSE) @ $27.50 Stop: Use a protective stop of $25.50.
FIRST AMERICAN CORP is currently trading @ $27.26 plus $1.09 on Oct 8, 2003. Price Objective:
$35.75. Risk/Reward: $2.00 VS. $8.25. 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:
$35.75
Risk/Reward:
$2.00 VS. $8.25
Risk/Reward Ratio:
4:1
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