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MERRILL LYNCH & CO
(MER-NYSE):
Technical Viewpoint: From a low
of $57.37 on Jan 12, 2005 prices
rallied, reaching a
high of $59.02
on Jan 18, 2005. A
decline saw prices pull back, reaching a
low of
$56.62 on Jan 24, 2005.
Another rally saw prices penetrate
resistance, closing 2/4/05
at $60.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 2, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.00. Resistance: Is at $61.00.
Point & Figure: Reversed to the upside on Feb 4, 2005. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! MERRILL LYNCH & CO
(MER-NYSE) @ $60.88 Stop: Use a protective stop of $58.38.
MERRILL LYNCH & CO is currently trading @ $60.69 plus $1.25 on Feb 4, 2005. Price Objective:
$71.00. Risk/Reward: $2.50 VS. $10.12. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$71.00
Risk/Reward:
$2.50 VS. $10.12
Risk/Reward Ratio:
8:1
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