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GENERAL GROWTH PROPS
(GGP-NYSE):
Technical Viewpoint: From a low
of $28.41 on Aug 24, 2004 prices
rallied, reaching a
high of $31.00
on Sep 8, 2004. A
decline saw prices pull back, reaching a
low of
$29.74 on Sep 14, 2004.
Another rally saw prices penetrate
resistance, closing 10/8/04
at $32.37. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 13, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $31.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 1, 2004. A P&F upside
reversal takes place at $31.75. Summary: Technical indicators have turned bullish. BUY! GENERAL GROWTH PROPS
(GGP-NYSE) @ $32.63 Stop: Use a protective stop of $30.63.
GENERAL GROWTH PROPS is currently trading @ $32.37 plus $0.78 on Oct 8, 2004. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $12.37. 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:
$45.00
Risk/Reward:
$2.00 VS. $12.37
Risk/Reward Ratio:
6:1
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