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ALLSTATE CORP
(ALL-NYSE):
Technical Viewpoint: From a low
of $28.56 on Aug 29, 2000 prices
rallied, reaching a
high of $36.00
on Oct 2, 2000. A
decline saw prices pull back, reaching a
low of
$30.81 on Oct 12, 2000.
Another rally saw prices penetrate
resistance, closing 10/24/00
at $36.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 24, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $32 3/4. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Oct 19, 2000. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORP
(ALL-NYSE) @ $36 5/8 Stop: Use a protective stop of $33 7/8.
ALLSTATE CORP is currently trading @ $36.31 plus $2.31 on Oct 24, 2000. Price Objective:
$45.00. Risk/Reward: $2 3/4 VS. $8 3/8. 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 3/4 VS. $8 3/8
Risk/Reward Ratio:
3:1
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