SEARS ROEBUCK & CO
(S-NYSE):
Technical Viewpoint: From a low
of $47.70 on Jan 24, 2005 prices
rallied, reaching a
high of $52.60
on Feb 15, 2005. A
decline saw prices pull back, reaching a
low of
$49.37 on Feb 28, 2005.
Another rally saw prices penetrate
resistance, closing 3/11/05
at $57.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 7, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 11, 2005. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! SEARS ROEBUCK & CO
(S-NYSE) @ $58.25 Stop: Use a protective stop of $55.75.
SEARS ROEBUCK & CO is currently trading @ $57.56 plus $4.20 on Mar 11, 2005. Price Objective:
$55.75. Risk/Reward: $2.50 VS. $11.25. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55.75
Risk/Reward:
$2.50 VS. $11.25
Risk/Reward Ratio:
4:1
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