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BLACK & DECKER CORP
(BDK-NYSE):
Technical Viewpoint: From a low
of $38.38 on Aug 15, 2003 prices
rallied, reaching a
high of $44.33
on Sep 4, 2003. A
decline saw prices pull back, reaching a
low of
$39.51 on Oct 3, 2003.
Another rally saw prices penetrate
resistance, closing 10/22/03
at $45.96. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 22, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.50. Resistance: Is at $47.47.
Point & Figure: Reversed to the upside on Oct 22, 2003. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! BLACK & DECKER CORP
(BDK-NYSE) @ $46.75 Stop: Use a protective stop of $44.75.
BLACK & DECKER CORP is currently trading @ $45.96 plus $2.59 on Oct 22, 2003. Price Objective:
$56.00. Risk/Reward: $2.00 VS. $9.25. 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:
$56.00
Risk/Reward:
$2.00 VS. $9.25
Risk/Reward Ratio:
5:1
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