LEHMAN BROS
(LEH-NYSE):
Technical Viewpoint: From a low
of $77.00 on May 10, 2000 prices
rallied, reaching a
high of $89 7/8
on May 18, 2000. A
decline saw prices pull back, reaching a
low of
$69.56 on May 26, 2000.
Another rally saw prices penetrate
resistance, closing 7/10/00
at $102 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 6, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $92.00. Resistance: Is at $107 1/2.
Point & Figure: Reversed to the upside on Jun 14, 2000. A P&F upside
reversal takes place at $96.00. Summary: Technical indicators have turned bullish. BUY! LEHMAN BROS
(LEH-NYSE) @ $103 1/8 Stop: Use a protective stop of $99 7/8.
LEHMAN BROS is currently trading @ $102 1/8 plus $4.99 on Jul 10, 2000. Price Objective:
$130.00. Risk/Reward: $3 1/4 VS. $26 7/8. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$130.00
Risk/Reward:
$3 1/4 VS. $26 7/8
Risk/Reward Ratio:
8:1
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