ALLSTATE CORPORATION
(ALL-NYSE):
Technical Viewpoint: From a low
of $52.47 on Mar 22, 2005 prices
rallied, reaching a
high of $54.99
on Apr 6, 2005. A
decline saw prices pull back, reaching a
low of
$53.31 on Apr 19, 2005.
Another rally saw prices penetrate
resistance, closing 4/29/05
at $56,16. Technicals: MACD Index (MACD): A Buy Alert!
was given on Apr 25, 2005 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.32. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 1, 2005. A P&F upside
reversal takes place at $53.00. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORPORATION
(ALL-NYSE) @ $56.50 Stop: Use a protective stop of $54.13.
ALLSTATE CORPORATION is currently trading @ $56,16 plus $1.41 on Apr 29, 2005. Price Objective:
$65.00. Risk/Reward: $2.38 VS. $8.50. 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:
$65.00
Risk/Reward:
$2.38 VS. $8.50
Risk/Reward Ratio:
4:1
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