BJ SERVICES
(BJS-NYSE):
Technical Viewpoint: From a low
of $61.00 on Jan 4, 2001 prices
rallied, reaching a
high of $73.81
on Jan 16, 2001. A
decline saw prices pull back, reaching a
low of
$66 1/2 on Jan 19, 2001.
Another rally saw prices penetrate
resistance, closing 1/25/01
at $78.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 25, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $67 1/2. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jan 23, 2001. A P&F upside
reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! BJ Services
(BJS-NYSE) @ $79 1/4 Stop: Use a protective stop of $76 5/8.
BJ Services is currently trading @ $78.56 plus $4 1/8 on Jan 25, 2001. Price Objective:
$97 1/2. Risk/Reward: $2 5/8 VS. $18 1/4. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$97 1/2
Risk/Reward:
$2 5/8 VS. $18 1/4
Risk/Reward Ratio:
7:1
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