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SAFECO CORP
(SAFC-Nasdaq):
Technical Viewpoint: From a low
of $21.81 on Aug 2, 2000 prices
rallied, reaching a
high of $26 1/2
on Aug 14, 2000. A
decline saw prices pull back, reaching a
low of
$24.06 on Aug 29, 2000.
Another rally saw prices penetrate
resistance, closing 9/6/00
at $27 5/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 26, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.00. Resistance: Is at $28 5/8.
Point & Figure: Reversed to the upside on Aug 30, 2000. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! SAFECO CORP
(SAFC-Nasdaq) @ $28 1/8 Stop: Use a protective stop of $26 1/8.
SAFECO CORP is currently trading @ $27 5/8 plus $1 3/8 on Sep 6, 2000. Price Objective:
$38.00. Risk/Reward: $2.00 VS. $9 7/8. 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:
$38.00
Risk/Reward:
$2.00 VS. $9 7/8
Risk/Reward Ratio:
5:1
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