SAFECO CORP
(SAFC-Nasdaq):
Technical Viewpoint: From a low
of $22.19 on Jan 16, 2001 prices
rallied, reaching a
high of $26.88
on Feb 14, 2001. A
decline saw prices pull back, reaching a
low of
$21.50 on Mar 1, 2001.
Another rally saw prices penetrate
resistance, closing 3/15/01
at $25.19. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Mar 7, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $23.50. Resistance: Is at $25.50.
Point & Figure: Reversed to the upside on Mar 15, 2001. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! SAFECO CORP
(SAFC-Nasdaq) @ $25.50 Stop: Use a protective stop of $23.50.
SAFECO CORP is currently trading @ $25.19 plus $1.38 on Mar 15, 2001. Price Objective:
$34.00. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$34.00
Risk/Reward:
$2.00 VS. $8.50
Risk/Reward Ratio:
4:1
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