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AMR CORPORATION
(AMR-NYSE):
Technical Viewpoint: From a low
of $24.53 on Feb 24, 2000 prices
rallied, reaching a
high of $39.00
on Apr 12, 2000. A
decline saw prices pull back, reaching a
low of
$31 1/2 on Apr 17, 2000.
Another rally saw prices penetrate
resistance, closing 5/3/00
at $35 7/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 14, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33 1/4. Resistance: Is at $37 1/8.
Point & Figure: Reversed to the upside on May 2, 2000. A P&F upside
reversal takes place at $34 1/2. Summary: Technical indicators have turned bullish. BUY! AMR CORPORATION
(AMR-NYSE) @ $36 3/8 Stop: Use a protective stop of $33 3/4.
AMR CORPORATION is currently trading @ $35 7/8 plus $1.00 on May 3, 2000. Price Objective:
$45.00. Risk/Reward: $2 5/8 VS. $8 5/8. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2 5/8 VS. $8 5/8
Risk/Reward Ratio:
3:1
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