EXXON CORP
(XON-NYSE):
Technical Viewpoint: From a low
of $76 3/4 on Apr 26, 1999 prices
rallied, reaching a
high of $87 1/4
on May 4, 1999. A
decline saw prices pull back, reaching a
low of
$77.56 on May 18, 1999.
Another rally saw prices penetrate
resistance, closing 5/21/99
at $82 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 11, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $78.00. Resistance: Is at $87.00.
Point & Figure: Reversed to the upside on May 21, 1999. A P&F upside
reversal takes place at $80 1/4. Summary: Technical indicators have turned bullish. BUY! EXXON CORP
(XON-NYSE) @ $83 1/8 Stop: Use a protective stop of $80 3/8.
EXXON CORP is currently trading @ $82 3/4 plus $2 3/4 on May 21, 1999. Price Objective:
$98.00. Risk/Reward: $2 3/4 VS. $14 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:
$98.00
Risk/Reward:
$2 3/4 VS. $14 7/8
Risk/Reward Ratio:
5:1
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