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PROTECTIVE LIFE CORP
(PL-NYSE):
Technical Viewpoint: From a low
of $42.90 on Jul 14, 2006 prices
rallied, reaching a
high of $47.02
on Oct 8, 2006. A
decline saw prices pull back, reaching a
low of
$43.25 on Nov 10, 2006.
Another rally saw prices penetrate
resistance, closing 1/7/07
at $50.35. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 5, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $47.50. Resistance: Is at $50.77.
Point & Figure: Reversed to the upside on Aug 1, 2006. A P&F upside
reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! PROTECTIVE LIFE CORP
(PL-NYSE) @ $50.63 Stop: Use a protective stop of $48.13.
PROTECTIVE LIFE CORP is currently trading @ $50.35 plus $2.35 on Jan 5, 2007. Price Objective:
$62.50. Risk/Reward: $2.50 VS. $11.87. 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:
$62.50
Risk/Reward:
$2.50 VS. $11.87
Risk/Reward Ratio:
5;1
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