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LEGGETT & PLAT INC
(LEG-NYSE):
Technical Viewpoint: From a low
of $21.86 on May 10, 2004 prices
rallied, reaching a
high of $25.48
on Jun 2, 2004. A
decline saw prices pull back, reaching a
low of
$23.53 on Jun 14, 2004.
Another rally saw prices penetrate
resistance, closing 6/17/04
at $26.66. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 24, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 28, 2004. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! LEGGETT & PLAT INC
(LEG-NYSE) @ $26.88 Stop: Use a protective stop of $24.88.
LEGGETT & PLAT INC is currently trading @ $26.66 plus $2.95 on Jun 17, 2004. Price Objective:
$37.50. Risk/Reward: $2.00 VS. $10.62. 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:
$37.50
Risk/Reward:
$2.00 VS. $10.62
Risk/Reward Ratio:
5:1
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