LEXINGTON CORPORATE PROP
(LXP-NYSE):
Technical Viewpoint: From a low
of $20.40 on Nov 3, 2006 prices
rallied, reaching a
high of $22.47
on Dec 11, 2006. A
decline saw prices pull back, reaching a
low of
$21.35 on Dec 26, 2006.
Another rally saw prices penetrate
resistance, closing 12/29/06
at $22.42. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 28, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $18.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Aug 14, 2006. A P&F upside
reversal takes place at $20.00. Summary: Technical indicators have turned bullish. BUY! LEXINGTON CORPORATE PROP
(LXP-NYSE) @ $22.75 Stop: Use a protective stop of $20.75.
LEXINGTON CORPORATE PROP is currently trading @ $22.42 plus $0.48 on Dec 29, 2006. Price Objective:
$33.50. Risk/Reward: $2.00 VS. $10.75. 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:
$33.50
Risk/Reward:
$2.00 VS. $10.75
Risk/Reward Ratio:
5:1
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