ALLSTATE CORPORATION
(ALL-NYSE):
Technical Viewpoint: From a low
of $17.19 on Mar 13, 2000 prices
rallied, reaching a
high of $25.06
on Apr 4, 2000. A
decline saw prices pull back, reaching a
low of
$20.05 on Apr 19, 2000.
Another rally saw prices penetrate
resistance, closing 4/28/00
at $23 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 20, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $20 1/2. Resistance: Is at $24 1/2.
Point & Figure: Reversed to the upside on Apr 20, 2000. A P&F upside
reversal takes place at $22.00. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORPORATION
(ALL-NYSE) @ $23 7/8 Stop: Use a protective stop of $21 7/8.
ALLSTATE CORPORATION is currently trading @ $23 3/4 plus $1.12 on Apr 28, 2000. Price Objective:
$34 1/2. Risk/Reward: $2.00 VS. $10 5/8. 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:
$34 1/2
Risk/Reward:
$2.00 VS. $10 5/8
Risk/Reward Ratio:
5:1
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