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WEATHERFORD INTL LTD
(WFT-NYSE):
Technical Viewpoint: From a low
of $56.36 on Nov 12, 2007 prices
rallied, reaching a
high of $67.51
on Dec 6, 2007. A
decline saw prices pull back, reaching a
low of
$63.16 on Dec 18, 2007.
Another rally saw prices penetrate
resistance, closing 12/21/07
at $68.05. Technicals: MACD Index (MACD): A Buy Alert!
was given on Nov 29, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $64.00. Resistance: Is at $70.00.
Point & Figure: Reversed to the upside on Dec 21, 2007. A P&F upside
reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! WEATHERFORD INTL LTD
(WFT-NYSE) @ $68.50 Stop: Use a protective stop of $66.13.
WEATHERFORD INTL LTD is currently trading @ $68.05 plus $3.09 on Dec 21, 2007. Price Objective:
$79.50. Risk/Reward: $2.37 VS. $11.00. 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:
$79.50
Risk/Reward:
$2.37 VS. $11.00
Risk/Reward Ratio:
5:1
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