CNA FINANCIAL CORP
(CNA-NYSE):
Technical Viewpoint: From a low
of $18.57 on Nov 7, 2003 prices
rallied, reaching a
high of $24.50
on Oct 14, 2003. A
decline saw prices pull back, reaching a
low of
$22.70 on Dec 15, 2003.
Another rally saw prices penetrate
resistance, closing 2/12/04
at $28.65. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 13, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.88. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 12, 2004. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! CNA FINANCIAL CORP
(CNA-NYSE) @ $29.13 Stop: Use a protective stop of $27.13.
CNA FINANCIAL CORP is currently trading @ $28.65 plus $2.15 on Feb 12, 2004. Price Objective:
$40.50. Risk/Reward: $2.00 VS. $11.37. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$40.50
Risk/Reward:
$2.00 VS. $11.37
Risk/Reward Ratio:
6:1
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