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MITTAL STEEL COMPANY
(MT-NYSE):
Technical Viewpoint: From a low
of $31.75 on Feb 16, 2006 prices
rallied, reaching a
high of $36.33
on Mar 3, 2006. A
decline saw prices pull back, reaching a
low of
$32.40 on Mar 10, 2006.
Another rally saw prices penetrate
resistance, closing 3/17/06
at $37.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 18, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 17, 2006. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! MITTAL STEEL COMPANY
(MT-NYSE) @ $38.13 Stop: Use a protective stop of $36.13.
MITTAL STEEL COMPANY is currently trading @ $37.45 plus $2.25 on Mar 17, 2006. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.87. 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:
$48.00
Risk/Reward:
$2.00 VS. $9.87
Risk/Reward Ratio:
5:1
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