|
W.R. GRACE & CO
(GRA-NYSE):
Technical Viewpoint: From a high
of $14.00 on Apr 23, 1999 prices
declined, reaching a
low of $17.30
on May 7, 1999. A
rally saw prices pull back, reaching a
high of
$15.44 on May 12, 1999.
Another decline saw prices penetrate
support, closing 5/25/99
at $17 3/8. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Apr 15, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $15 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the downside on May 13, 1999. A P&F downside
reversal takes place at $15 1/2. Summary: Technical indicators have turned bearish. SELL! W.R. GRACE & CO
(GRA-NYSE) @ $17 1/2 Stop: Use a protective stop of $16 1/8.
W.R. GRACE & CO is currently trading @ $17 3/8 minus $5/8 on May 25, 1999. Price Objective:
$25 1/2. Risk/Reward: $1 3/8 VS. $8.00. Today's Risk Reward Ratio: 6:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$25 1/2
Risk/Reward:
$1 3/8 VS. $8.00
Risk/Reward Ratio:
6:1
|
